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Tesla Profit Disappoints After Deliveries Slow Down

Tesla Profit Disappoints After Deliveries Slow Down


Tesla Inc. reported worse-than-expected earnings in the third quarter, after price cuts and softer sales weighed on the electric-vehicle maker’s margins.

The Elon Musk-led company said profit, excluding some items, fell to 66 cents a share, less than the 74 cents Wall Street estimated. Revenue reached $23.4 billion, Tesla said in a shareholder letter Wednesday. Analysts had expected the company to generate $24.06 billion in revenue.



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