Tesla third-quarter profit falls to $787 million

shorouknews.com (Arabic) —

Tesla reported a decline in third-quarter net profit on Wednesday, with earnings falling to $787 million, or $0.22 per share, compared to $1.373 billion, or $0.39 per share, in the same period last year. Excluding certain items, the electric vehicle maker led by billionaire Elon Musk posted adjusted earnings of $1.697 billion, or $0.48 per share. Revenue dipped 0.2% to $28.046 billion from $28.095 billion a year earlier. Musk said Tuesday that Tesla and SpaceX are exploring a potential merger, forming special committees at shareholders' request. He noted the move would require approval from at least 50% of Tesla shareholders, though he cautioned that confirming the merger would be an exaggeration.


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