TSLA Slides 37% After Q3 Earnings Miss
Tesla’s Q3 earnings revealed profit plunged 37% to $1.4 billion from $2.2 billion a year earlier, despite revenue climbing to $28.1 billion. TSLA stock declined after the company earned less per vehicle due to price cuts and low-interest loans. Market share loss accelerated as competitors offered comparable technology at lower prices, and Elon Musk shifted focus toward robotaxi expansion ahead of a crucial shareholder vote. TSLA stock price chart showing decline with intraday trading movement – Source: Yahoo Finance Tesla Q3 Earnings Miss Sparks TSLA Drop Amid Robotaxi Expansion Plans Pricing Strategy Sacrifices Margins Tesla’s Q3 earnings showed the company sold more vehicles than in Q3 2024, but profitability collapsed. The automaker reduced prices and offered low-interest loans to stimulate demand as shoppers rushed to use a federal EV tax credit before it expired September 30. TSLA stock investors reacted negatively to margin compression. Earnings per share actual ...