Tesla Q3 report reveals company more than doubled profit from a year ago

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The Austin, Texas, electric vehicle and solar panel maker said it made $3.29 billion from July through September. Revenue rose 56% to a record $21.45 billion. FOX13

Eric Wachsman, professor at the University of Maryland and director of Maryland Energy Innovation Institute, weighs in on some of the reasons why some people are not totally behind electric vehicles.

Excluding special items, the company made $1.05 per share, beating Wall Street estimates of $1 per share, according to data provider FactSet. Revenue rose 56% to a record $21.45 billion, but fell just short of estimates averaging $21.98 billion. The company sold 343,830 cars and SUVs in the third quarter compared with 254,695 deliveries made from April through June. Tesla said it produced 365,923 vehicles in the July-September period.

FREMONT, CALIFORNIA - OCTOBER 19: In an aerial view, brand new Tesla cars sit in a parking lot at the Tesla factory on October 19, 2022 in Fremont, California. Electric car maker Tesla will report third quarter earnings today after the closing bell.But Tesla said it had higher-than-usual numbers of vehicles in transit at the end of the third quarter that will count as sales once they reach customers.

 

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GavinNewsom look at all the tax revenue you lost in one year.

If tesla develops and markets workable swappable battery, it solves charging times and increases the distance with stores within the driving range, it will change ev progression further

It missed its own forecast. Report that.

PressSec POTUS WhiteHouse Just a clarification, it's OK if they make a big profit, but when oil companies do it's evil.

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