Tesla Q3 profit drops 44% but $1.5 billion cash flow beats forecasts

business-standard.com —

Tesla reported third-quarter net income of $787 million, down 44% from a year earlier, while generating $1.5 billion in free cash flow that beat analyst expectations. Excluding certain items, earnings per share of 48 cents surpassed Wall Street forecasts by 3 cents. Revenue was flat at $28 billion, slightly missing estimates. The cash surge surprised analysts who expected Tesla to burn cash amid heavy AI spending. Tesla cut its full-year capital spending forecast from $25 billion to $20 billion. The results come as Elon Musk confirmed special committees are exploring a possible Tesla-SpaceX merger, though he cautioned many hurdles remain.


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