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Tesla beats expectations with record revenue of $28.1 billion, but profits fall - IL Sol 24 Ore.

Tesla beats expectations with record revenue of $28.1 billion, but profits fall - IL Sol 24 Ore.

Tesla ends third quarter with $28.1 billion in revenue, a record number and above analysts' expectations that had bet for $26.37 billion... Tesla beats expectations with record sales of $28.1 billion, but profits fall 3 'reading Tesla closes the third...

Tesla beats expectations with record revenue of 281 billion but profits fall - IL Sol 24 Ore

Tesla ends third quarter with $28.1 billion in revenue, a record number and above analysts' expectations that had bet for $26.37 billion...

Tesla beats expectations with record sales of $28.1 billion, but profits fall

3 'reading

Tesla closes the third quarter with a revenue of 28.1 billion dollars, record number and higher than the expectations of analysts betting at 26.37 billion.However, the earnings per share were 50 cents, less than the 54 market betrayed, and the net profit slipped 37% to 1.4 billion dollars.The cash flow in turn was a record of 4 billion.The electric car manufacturer has posted a gross edge of 18%, compared to estimates of 17.5%.

The stock lost about 2 percent in aftermarket.Tesla's performance is being watched ahead of a vote on a new maximum compensation package for CEO Elon Musk, which could reach up to a trillion over ten years if ambitious default targets are met.The group's annual meeting will vote on the resolution, reflecting Musk's key role.On November 6.The CEO and founder, who owns a 15% stake in the company, has revealed that he wants to reach 25% in order to stay focused on the future and not pursue AI projects outside of Tesla.The new package is equivalent to an additional 12 percent quota.

The limited launch of an autonomous robotaxi service in Austin, Texas, earlier this year marked an important strategic shift, fueling investor expectations that the company will move beyond just selling vehicles to focus on autonomous driving technology.While most of Tesla's current revenue still comes from vehicle sales, its $1.45 billion valuation now largely reflects investors' bets on frontiers other than automobiles, robotics and artificial intelligence.

Musk claimed, as he always does, the coming revolution.“Honestly, it will be an earthquake,” he said, referring to autonomous vehicles.At the same time, Musk warned this year that Tesla could go through some difficult quarters in a transition period.

Tela Develiants of the "model of the model" in the United States to receive federal incentives before the company on the 1st day of the vehicle in the third quarter.

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