4 sources • 4 verified points
Tesla Announces Q3 Results: Profit Beats Expectations as Energy Revenue Falls 16%
Tesla announced its third-quarter results, with its profit exceeding analysts' estimates according to local sources, while its profit fell 43% and energy generation and storage revenue declined 16% year on year. The company explained that part of the decline in energy revenue is due to amounts refunded to consumers related to customs duties.
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- Energy generation and storage revenue fell 16% year on year in the third quarter, which Tesla partly attributed to amounts refunded to consumers related to customs duties.
«It said the decrease was in part due to tariff-related refunds to consumers.»
The Wall Street Journal - Revenue from solar panels and battery storage reached $2.9 billion, after this segment had been growing.
«this line of business had been growing, but for Q3 revenue fell 16 percent year over year to $2.9 billion.»
Ars Technica - Tesla's profit fell 43% in the third quarter.
«Tesla profits drop 43% in Q3»
Ars Technica - Adjusted earnings per share came in at 48 cents, beating the average analyst estimate.
«وبلغت ربحية السهم المعدلة 48 سنتاً خلال الفترة، متجاوزة متوسط تقديرات المحللين»
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