New York, Oct 21, 2026 (AFP) - Tesla profits drop but top analyst estimates

NAMPA / AFP

2026-10-21

Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as multi-billionaire Elon Musk's electric vehicle maker invested heavily in new technologies. Texas-based Tesla reported profits of $787 million, down 42.7 percent from the year-ago period. Besides marginally lower car sales, Tesla saw a drop in revenues from regulatory credits and energy and storage, while spending on research and development jumped. Revenues w......

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