EARNINGS · 8/10
Tesla beats on earnings and sales even as auto revenue declines
- Tesla reported better-than-expected third-quarter results after the bell on Wednesday, with adjusted EPS of 48 cents versus 43 cents estimated by analysts polled by LSEG.
- Revenue was $28.05 billion versus $27.9 billion estimated by analysts polled by LSEG, while Tesla's core automotive revenue declined 3% from a year earlier to $20.56 billion.
- Energy revenue fell 16% to $2.88 billion, and the stock rose slightly in extended trading.