10/19/2022, 10:08 PM (Source: TeleTrader)
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Tesla: Q3 revenue at $21.45B, up 56% YoY

Tesla Inc. reported on Wednesday that its total revenues in the third quarter of fiscal 2022 soared 56% year over year after coming in at $21.45 billion. Automotive revenues grew 55% and reached $18.69 billion.

Net income stood at $3.29 billion, 103% higher compared to the third trimester of 2021 while diluted earnings per share (EPS) almost doubled to $0.95. Total vehicle production in the third three-month period surged 54%, while deliveries were up 42%.

Tesla shares were down 4.24% in late trading following the release of the report.

Baha Breaking News (BBN) / MS