From Financial Modeling Prep: 2024-10-24 11:25:00

Tesla’s Q3 results beat expectations, with adjusted net income of $2.5 billion, up 8% YoY. Revenue reached $25.2 billion, growing by 8%, but slightly missing forecasts. Gross margins improved to 17.05%, driven by lower costs. CEO Elon Musk projects “slight growth” in deliveries for 2024 and plans to launch more affordable models by 2025.



Read more at Financial Modeling Prep:: Tesla Shares Surge Over 11% After Beating Q3 Earni…