Tesla's net income slumped 44% in 3rd quarter as lower prices ate into the automaker's profits
Earlier this month, the company reported that it sold 435,059 vehicles during the July-September period, an increase of 27 per cent from the same stretch last year. Even so, Tesla's deliveries came in below the 461,000 vehicles analysts had predicted the company would sell during the quarter, according to FactSet Research.
Tesla's shares closed 4.8 per cent lower Thursday. They were up 2 per cent in after-hours trading following the release of the earnings report, image- Reuters