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Tesla’s Q3 results really shouldn’t have surprised anyone. Like the Model X before it, the upcoming Cybertruck is taking longer than originally announced to reach production. This was one of several topics during the Tesla Investor Relations (IR) call on Wednesday that unsettled shareholders, who aren’t used to double-dipped reporting weaknesses. Tesla has not missed the mark on both earnings and revenue since Q2 2019.
- Q3 2023 Earnings: 66 cents per share adjusted vs. 73 cents per share expected
- Q3 2023 Revenue: $23.35 billion per share vs. $24.1 billion expected
Were Q3 expectations overly optimistic? Probably.
Was the subdued tone to the IR call unsettling? Absolutely.
Could CEO Elon Musk’s focus on affordability and relatively high interest rates be instructive rather than…
Read the full article originally published at cleantechnica.com.