DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first time this year. The Austin, Texas, company said Wednesday that it made $2.
DETROIT — Tesla’s third-quarter net income rose 17.3% compared with a year ago as its quarterly electric vehicle sales rose for the first time this year.
Revenue in the quarter rose 7.8% to $25.18 billion, falling short of Wall Street analysts who estimated it at $25.47 billion, according to FactSet. Excluding one time items, Tesla made 72 cents per share, beating analyst expectations of 59 cents.Earlier this month Tesla said it sold 462,890 vehicles from July through September, up 6.4% from a year ago. The sales numbers were better than analysts had expected.
The new vehicles were not identified. CEO Elon Musk has said the company is working on a car that will cost about $25,000. Earlier this month, the company showed off a purpose-built two-seat robotaxi at a glitzy event at a Hollywood movie studio. Musk said it would be in production before 2027.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Obama raps Eminem’s ‘Lose Yourself’ as both rally for Kamala Harris in Detroit'I have done a lot of rallies, so I don’t usually get nervous,' Barack Obama told the cheering crowd. 'But I was feeling some kind of way following Eminem.'
Read more »
Crowd Absolutely Loses It As Obama Raps After Eminem Introduces Him In DetroitMarco Margaritoff is a reporter on the HuffPost trends team. He covers viral news from the weird and absurd to serious political issues. He’s based in New York. Send Marco tips at marco.margaritoffhuffpost.com.
Read more »
Maggie Haberman Explains Why Donald Trump Slammed Detroit While ThereSpanish/English journalist covering a wide range of topics -- from breaking news and politics to popular culture, street art, memes, satirical takes, environmental issues, social media trends and more.
Read more »
Trump Compares America to Detroit in Scathing Business SpeechDonald Trump compared America to Detroit during a speech to business leaders, warning that a Harris presidency would lead to a similar decline.
Read more »
Cleveland Guardians vs. Detroit Tigers | Oct 10, 2024 | MLBNHL news, NHL results, NHL standings, NHL scores, NHL teams, NHL schedule, NHL stats, NHL updates, NHL analysis, NHL highlights, NHL players, NHL events, NHL coverage, NHL articles, NHL season, NHL videos, NHL games, NHL live scores
Read more »
Harris Campaign Pounces On JD Vance’s ‘Table Scraps’ Comment Ahead Of Trump’s Detroit SpeechJonathan Nicholson covers Capitol Hill and campaigns for HuffPost. His Twitter is JNicholsonInDC.
Read more »