Tech

Published Wed, Oct 23 202412:00 PM EDTUpdated 2 Min Ago

Key Points

  • Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.
  • Revenue came in just shy of expectations.
  • The stock rose in extended trading following a deep slump this month.

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024

Source: Tesla | Youtube

Tesla reported earnings on Wednesday that topped analysts' estimates.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

  • Earnings per share: 72 cents vs. 58 cents expected
  • Revenue: $25.18 billion vs. $25.37 billion expected