Tesla Q3 Earnings Highlights: EPS Beat, Revenue Miss, Shares Climb On 2025 Timeline For Lower-Cost EVs

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported third-quarter financial results Wednesday after the market close.

Here are the key highlights.

What Happened: Tesla reported third-quarter revenue of $25.18 billion, up 8% year-over-year. The total missed a Street consensus estimate of $25.37 billion, according to data from Benzinga Pro.

The company reported automotive revenue of $20 billion, up 2% year-over-year, in the third quarter.

Tesla said the revenue was impacted by growth in vehicle deliveries, growth of energy generation, higher full self-driving revenue and lower average selling prices for vehicles.

The automaker reported third-quarter earnings per share of 72 cents, beating a Street consensus estimate of 58 cents per share.

Operating income in the quarter was $2.7 billion with an operating margin of 10.8%.

The company's cost of good sold per vehicle of $35,100 is its lowest ever.

Third-quarter deliveries totaled 462,890 units, up 6.4% year-over-year and 4.3% quarter-over-quarter. Production was 469,796 units in ...