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via finance.yahoo.comBusiness & Companies

Tesla Q3 profit falls 42.7% but tops analyst estimates

FROM THE WIRE · FINANCE.YAHOO.COM

Elon Musk has been bullish about robotaxis. The Tesla Cybercab, is a two-seat, fully autonomous electric robotaxi without a steering wheel, pedals, or manual driving controls (Ludovic MARIN) Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMega-cap results beat expectations, but profit fell sharply and revenue was flat, so the market reaction is mixed.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla reported profits of 787 million dollars, down 42.7 percent from the year-ago period.
  2. 02Revenues were essentially flat at 28 billion dollars.
  3. 03Revenues from regulatory credits and energy and storage fell, while research and development spending jumped.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock386.47 USDMarket closedtoday +3.41%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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