Teslas Q3 profit drops as it prepares for possible merger with Musks other public company, SpaceX
NEW YORK (AP) — Tesla reported a decline in profit for the latest quarter as it prepares for a possible merger with Elon Musk’s other big business, SpaceX. The electric vehicle maker reported third-quarter net income of $787 million, or 22 cents per share, down 44% from the year-earlier period. Excluding certain items, though, earnings per share of 48 cents beat Wall Street analyst expectations by 3 cents. Revenue was basically flat at $28 billion, falling slightly short of analysts’ In...
Read MoreWed, 21 Oct 2026
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