Tesla Q3 Earnings Highlights: Revenue Miss, EPS Miss, Cybertruck Launch Set For November And More
Portfolio Pulse from Chris Katje
Tesla Inc (NASDAQ:TSLA) reported Q3 revenue of $23.35 billion, up 9% YoY but missing the Street consensus estimate of $24.38 billion. Adjusted EPS was 66 cents, also missing the estimate of 73 cents. The company attributed revenue fluctuations to growth in vehicle deliveries, other business lines, and negative impacts from a lower average selling price and foreign exchange. Tesla reported Q3 production of 430,488 units and deliveries of 435,059 units. The company ended Q3 with $441 million in digital assets, down from $465 million in Q2.

October 18, 2023 | 8:31 pm
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Tesla's Q3 earnings missed estimates, which could negatively impact its stock price in the short term.
Tesla's Q3 earnings missed both revenue and EPS estimates, which could lead to a negative sentiment among investors and potentially drive the stock price down in the short term.
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