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On the heels of its highly anticipated but ultimately disappointing robotaxi event, Tesla published its third quarter earnings report, in which it said it would launch a “more affordable” electric vehicle in the first half of 2025.
The company said it earned $2.2 billion in net income on $25.2 billion in revenue. That represents a 7 percent increase year over year compared to $23.4 billion in revenue in Q3 2023, and a 17 percent increase in net income, beating expectations.
The company’s revenues from regulatory credits from other companies continued to perform strong, with the company posting its second-best quarterly
Tesla’s gross margins were in the spotlight again, as bullish investors hoped to see improvements after months of…