Tesla Shares Fall 3% After Earnings Beat as Investors Weigh Growth Plans

Tesla shares fell about 3% in after-hours trading after third-quarter revenue and adjusted earnings beat market expectations, while attention remained on the growth path for its software, Robotaxi and robotics businesses and a possible SpaceX transaction. Revenue was about $28.05 billion, little changed from a year earlier. Adjusted earnings were 48 cents per share, above the roughly 45-cent market expectation. Free cash flow reached about $1.5 billion, turning positive despite market expectations for cash burn. The results followed a quarter in which deliveries fell 2% year over year, detailed in Tesla’s earlier delivery update .

Source: TokenPost