Tesla Q3 Earnings Fall Short as Analysts Weigh Future Prospects Amid AI Transition
Tesla reported third-quarter earnings below analyst forecasts, sending shares lower. While revenue exceeded expectations, Wall Street remains focused on the company’s transition from electric vehicles to AI and robotics. Analysts express mixed views on Tesla’s long-term strategy versus near-term challenges.
Tesla’s Third-Quarter Performance
Tesla’s third-quarter earnings reportedly fell short of analyst expectations, according to recent financial reports. The electric vehicle maker posted adjusted earnings of 50 cents per share, missing the 54 cents per share that analysts polled by LSEG had forecast. Following this announcement, Tesla shares slipped approximately 3%, sources indicate.