TeslaThe company reported third-quarter results after trading on Wednesday, with record revenue and net profit.
According to the financial report, Tesla, Inc. 's third-quarter revenue was $13.76 billion, and the market expected $13.626 billion; adjusted earnings per share were $1.86, and the market expected an adjusted net profit of $1.62 billion, representing the company's second-quarter profit of more than $1 billion, compared with $331 million in the same period last year.
The record performance was driven by a 30.5 per cent increase in gross margin in its car business and a 26.6 per cent increase in overall gross margin, both of which set records for at least the past five quarters.
The company had previously reported that it delivered 241300 electric vehicles and produced 237823 vehicles in the third quarter ending Sept. 30, 2021.