Tesla earns $690m less than expected in third quarter

Revenue falls short of predictions as Elon Musk seeks to temper expectations' of Cybertruck, company's super-vehicle in prototype

Tesla shares slid nearly 5% in after-hours trading Wednesday after several misses of Wall Street expectations in its third quarter earnings of 2023.

Revenue for the third quarter was $23.4bn compared with analyst predictions of $24.09bn, with total gross profit declining 22% year-over-year. Earnings per share were $0.66 compared with a predicted $0.74, translating to a net income of $1.9bn - compared with $3.3bn one year ago.