Tesla Misses Earnings Estimates. Stock Is Up Anyway.
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Tesla unveiled a flying version of its Roadster. Elon Musk says Tesla Roadster production will begin in 2028, but prediction-market traders remain skeptical after years of delays and cautious language in Tesla's own filings.
Tesla's stock fell over 2% despite the company selling more EVs than it produced for the second consecutive quarter. CEO Elon Musk reported that the automaker erased a significant surplus of unsold vehicles from the start of the year.
Now five years past the Cybertruck's previous manufacturing date, it seems that Australian and Kiwi customers' patient waiting has not borne the results they were promised. The Cybertruck has been removed from both Tesla's Australian and New Zealand websites, which now only offer the Model 3, Model Y and preorders for the Roadster.
Tesla CEO Elon Musk has said he thinks the world will travel predominantly by autonomous car. Now, he says most of those cars will be Teslas.
The EV maker's operating profit recovered last quarter. But was a one-off bump behind it?
Tesla wants to sell Cybercabs to other transport companies before the year ends.
"Tesla's Q3 profit falls 43% as operating costs rise" was originally created and published by Just Auto, a GlobalData owned brand.
Tesla's third-quarter show the company is still struggling to grow.