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Thndr Claps » U.S. Claps » Automotive 🚗 » Tesla records mixed Q3 performance ⚖️

Tesla records mixed Q3 performance ⚖️

by Omar El Shorafa
October 20, 2022
Tesla, Claps, NASDAQ

The Clap
Tesla (NASDAQ: TSLA) reported EPS of $1.05 vs 99 cents expected, but revenues came in less than expected at $21.45 billion vs $21.96 billion expected.

The Deets
The company recorded a net income of $3.33 billion, a YoY increase from $1.62 billion.

Tesla reported deliveries earlier this month, recording 343 thousand deliveries for Q3 2022.

Why this Matters
The company pointed out a bottleneck in transportation that they are facing, which affected deliveries during the final week of Q3.

What Now
Tesla shares were up a little under 1% following the mixed earnings release.

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