Tesla beats Q3 profit estimates as robotaxi and robot plans advance

moneycontrol.com —

Tesla’s third-quarter profit beat Wall Street estimates, with adjusted earnings per share of 48 cents surpassing analyst expectations, while revenue fell slightly short and cash flow remained positive. The results ease concerns about Tesla’s heavy spending on artificial intelligence and robots, as the company reported $1.5 billion in free cash flow and a 19.6% gross margin, both above forecasts. Shares rose 1.5% in extended trading. Tesla is exploring a merger with SpaceX, backed by $30 billion in new loans, while expanding robotaxi service to Phoenix and Las Vegas. Its narrow lineup of three vehicles faces intensifying EV competition.


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