Tesla with Record Revenue in Q3 and Ambitious Production Goals
Reading Time: 2 minutes
Tesla achieved a revenue of $28.1 billion in the third quarter, significantly exceeding analysts' expectations of $26.36 billion. However, the adjusted earnings per share came in slightly below consensus at $0.50 instead of $0.54. Management referred to it as a "special quarter on several levels." CFO Vaibhav Taneja highlighted record figures in revenue, margins, energy business, and free cash flow. The latter reached around $4 billion, while liquid assets increased to over $41 billion. Musk announces production drive and 3 million target Elon...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
