Tag: Robotaxi

Tesla reported mixed Q3 results with record revenue but missed profit expectations. CEO Elon Musk outlined ambitious autonomous driving and Optimus robot timelines while defending his proposed $1 trillion pay package against corporate critics.

Financial Performance and Market Reaction

Tesla’s third-quarter financial results presented a complex picture, with the company reportedly achieving record revenue while falling short on profitability metrics. According to the earnings report, Tesla’s revenue reached an all-time high, exceeding Wall Street forecasts after delivering a record number of vehicles during the quarter. However, sources indicate both profits and adjusted earnings per share missed analyst expectations, contributing to a significant stock decline. During Wednesday’s earnings call, Tesla shares reportedly fell approximately 4.5% in after-hours trading, adding to earlier losses.