Tesla Q3 revenue of $28 billion misses estimates
TSLA Tesla Inc
$386.47 +3.41%
View chart & analysis → - 1Tesla recorded $28 billion in revenue for the period ended September 30, falling below the analyst estimate of $28.3 billion for the period ended September 30.
- 2Tesla's capital expenditure reached $4.7 billion for the quarter, representing a 110% increase.
- 3Elon Musk mentioned that the idea of a merger between Tesla and SpaceX holds significant value.
So what's the key point?
Tesla earned less money than experts had expected. The amount the company spent on equipment and facilities increased significantly to $4.7 billion.
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