Tesla misses quarterly revenue expectations amid fears of slowing demand
by Johana Bhuiyan from Technology | The Guardian on (#64XMM)
Company posts $3.3bn in net income and $21.45bn in revenue as vehicle production outstrips delivery
Tesla's third-quarter revenue fell short of Wall Street expectations on Wednesday, prompting its stock price to drop more than 4% after markets closed.
The company posted $3.3bn in profit and $21.45bn in revenue. The results come two weeks after the electric carmaker said it produced 22,000 more vehicles than it delivered, signaling to some analysts that the company was not able to maintain demand.
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