WASHINGTON, Oct 22 (Bernama-dpa) -- Electric car manufacturer Tesla saw profit fall in the third quarter, the company announced on Wednesday, reported German news agency dpa.
World : Tesla Profit Falls In Third Quarter
tesla, third quarter, profit, fall
Key takeaways
Tesla reported a decline in third-quarter profits and slightly lower revenue compared to the previous year. Additionally, Elon Musk stated that Tesla and SpaceX are exploring a potential merger, which would require shareholder approval.
- Tesla's third-quarter earnings fell to US$787 million from US$1.373 billion in the same period last year.
- Company revenue decreased by 0.2 percent to US$28.046 billion, down from US$28.095 billion previously.
- Elon Musk said special committees are examining a potential Tesla-SpaceX merger, requiring at least 50 percent shareholder approval.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
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