INSUBCONTINENT EXCLUSIVE:
Tesla, led by Elon Musk, reported a net profit of $2.17 billion for the third quarter of 2024
This marks a 17% increase compared to the same period in 2023, exceeding investor expectations
reflecting an 8% growth compared to the previous year
The earnings per diluted share rose from $0.53 in 2023 to $0.62, and when excluding tax charges, it was $0.72.Tesla also saw a 29% increase
in revenue from other products, totaling $2.8 billion
Expectations and Driving Growth
third quarter deliveries of 435,059 cars
plans to continue expanding electric vehicle production through 2025, with more affordable models being introduced to the market
The company also emphasized its commitment to artificial intelligence development.Despite macroeconomic challenges and reduced market
investments in electric vehicles, Tesla remains focused on expanding its product lineup, reducing costs, and making critical investments in
AI and production capacity
Impressive Third Quarter: Surpassing Expectations and Driving Growth
