News Summary

• Tesla posted its financial results for the third quarter of on Wednesday afternoon.
• Tesla is still profitable but its margins are shrinking and its expenses are rising.
• It also delivered fewer cars than in Q and will need to find homes for nearly half a million more EVs by the end of the year if it s to keep to its target of million cars in Tesla brought in billion in total revenue for Q a percent increase year over year But gross profits are down percent year overyear with net income decreasing percent despite Tesla selling more than electric vehicles in Q than Q.