Tesla delivers Q3 earnings beat as margins improve
Investing.comOct 24, 2024 5:52 AM
View all comments（0）
Investing.com -- Tesla reported Wednesday third-quarter results that beat Wall Street estimates, driven by improved margins.
Tesla Inc (NASDAQ:TSLA) was up more than 7% in aftermarket trading.
For Q3, the company reported adjusted earnings per share of $0.52 on revenue of $25.18 billion, compared with Wall Street estimates of $0.60 a share and $25.4B, respectively.
The bottom line was boosted by a rise in automotive sales to $20.02B from $19.63B a year earlier and stronger margins.
Gross margins excluding credits, a closely watched metric, rose to 17.05% in Q3 from 14.7% in the prior quarter.
Reviewed byTony
Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.
Like
Recommended Articles
Featured Tools
Top News
2026 Crypto Crash Causes: Why Bitcoin Prices Broke Through Key Levels? Future Trends and Key Support Level Predictions
US Pre-Market: Nasdaq Futures Lead Declines, Broadcom Slump Drags Down Chip Stocks
SanDisk Stock Forecast: Can a $42B Backlog Push SNDK to New Highs?
Today’s Market Recap:U.S.-Iran Conflict Pushes Up Oil, Ends Winning Streak; Chip Stocks Rise Against Trend, Broadcom Tumbles After Hours
Broadcom Q2 Net Profit Surges 88% YoY. But Shares Slump 8% After Hours in Classic “Buy the Rumor, Sell the News”
Comments (0)
Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.