Tesla sales stall as global EV market surges

nzz.ch (German) —

Tesla's revenue stagnated at $28 billion in the third quarter, with adjusted profit falling to $1.7 billion, as vehicle sales declined year-over-year despite a global boom in electric vehicles. The company's services business grew as more customers subscribed to its paid "Full Self Drive" mode. Free cash flow beat expectations at $4.7 billion in investments, boosting shares 3% in after-hours trading. CEO Elon Musk offered no new details on a potential Tesla-SpaceX merger, citing a "minefield" of conflicts. Tesla delivered nearly 487,000 vehicles, with gross margins of 19.6%, while advancing its Optimus robot and Cybercab projects.


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