Tesla's net income slumped 44% in the 3rd quarter as lower prices ate into the automaker's profits
https://apnews.com/article/tesla-sales-electric-vehicles-elon-musk-0f2769824fc9ebc9ee0dc9209f858a48
LOS ANGELES (AP) — Tesla's net income slumped in the third quarter versus a year earlier, as price reductions helped drive strong sales growth but also ate into the automaker’s profit margins
The Austin, Texas, maker of electric vehicles, solar panels and batteries on Wednesday reported net income of $1.85 billion for the July-September quarter, a 44% decline from a year earlier. Earnings per share fell to 53 cents from 95 cents.
