Tesla Q3 Results

Tesla reported lower Q3 profits with net income down 29% to $787 million.

“I feel like I'm tap dancing through a minefield”

Tesla's Automotive Revenue

Tesla's core automotive revenue declined 3% year-over-year to $20.56 billion.

Energy Revenue Drop

Energy revenue fell 16% to $2.88 billion in Q3.

Services Revenue Growth

Services and other revenues rose 33% to $4.61 billion.

FSD Subscriptions

Active FSD subscriptions increased 67% to 1.74 million.

Tesla's Stock Performance

Tesla's stock dropped nearly 15% year-to-date.

Elon Musk's Merger Plan

Elon Musk proposed a Tesla-SpaceX merger to improve financials.

“I think I said everything that should be said yesterday”

Volvo Job Cuts

Volvo cut 2,500 jobs as part of cost-saving plan.

Volvo's Cost Savings

Volvo aims to save $504.4 million through job cuts and other measures.

BYD Banned from Airbase

U.S. banned BYD vehicles from Kadena Air Base in Japan due to security concerns.

Lexus PHEV Discontinuation

Lexus discontinued PHEV TX550h+ for 2027 model year.

Fuel Prices Rising

Gas prices rose 2 cents overnight to $4.29 per gallon.

Tesla's Q3 Sales

Tesla sold 486,532 vehicles in Q3, down 2% from last year.

Volvo's China Challenges

Volvo reported 50% revenue drop in China due to market decline.