Tesla reported Q3 revenue of $28.1 billion, falling short of Wall Street expectations. CEO Elon Musk’s focus on robotics during the earnings call raised questions about strategic priorities amid the stock decline.
Earnings Report Falls Short of Projections
Tesla’s third-quarter financial results reportedly failed to meet analyst expectations, according to the company’s earnings release on Wednesday. The electric vehicle manufacturer recorded $28.1 billion in revenue, representing a 12% year-over-year increase from $25.2 billion in the same period last year. However, sources indicate this figure fell below the $26.4 billion consensus estimate cited by financial analysts.