Tesla's Q3 Earnings: Demand Up, Profits Down

Tesla's Q3 earnings fell short of Wall Street's expectations, with profits down 40% despite increased vehicle sales. Rising operating costs offset revenue gains, sparking concerns about profitability amid Tesla's expansion and tech investments. Despite the earnings miss, investor confidence remains relatively stable, but the pressure is on for Tesla to control costs and boost profits in upcoming quarters.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.