Tesla's Third Quarter Profit Exceeded Expectations Despite Record Sales.

Tesla's Third Quarter Performance

Tesla announced its third quarter results and reported that, despite record electric vehicle sales, its profits fell short of Wall Street's expectations.

Profit Figures and Expectations

In the third quarter, adjusted net profit amounted to 1.8 billion dollars, marking a %29 decrease. This figure did not meet analysts' profit expectations of 1.9 billion dollars. Adjusted profit was recorded at 50 cents per share, while forecasts were at 54 cents.

Revenue Growth

The company's total revenue reached 28.1 billion dollars, representing a %12 increase. This figure exceeded the Bloomberg estimate of 26.2 billion dollars, drawing attention.

Market Conditions and Sales Performance

Recently, changes in policies regarding the electric vehicle sector in the U.S., along with disputes between former President Trump and Elon Musk, have negatively affected the automaker Tesla.

Additionally, Tesla's electric vehicle sales reached record levels due to increased consumer demand before the expiration of federal tax incentives. The company delivered a total of 497,099 vehicles worldwide, indicating a %7.4 growth compared to the same period last year.