Tag: Tesla, Inc.

BusinessEnergyTechnology

Tesla Posts Q3 Profit Surge as Buyers Rush to Beat EV Credit Deadline

Tesla returned to profitability in the third quarter as buyers raced to claim expiring federal EV incentives. The automaker reported $1.4 billion in net income despite a 37% profit decline compared to the same period last year.

Quarterly Financial Performance

Tesla reportedly generated $28.1 billion in revenue during the third quarter, marking a 12% increase year-over-year, according to the company’s earnings report. The electric vehicle manufacturer earned $1.4 billion in net income for the quarter ending in September, though this represents a 37% decrease from the $2.2 billion profit recorded during the same period in 2024. Sources indicate the revenue figures exceeded Wall Street expectations of $26.24 billion, based on data compiled by LSEG.

by Ortega Rafael
BusinessInnovationTechnology

After-Hours Trading Highlights: IBM, Tesla, Moderna Among Key Movers

Southwest Airlines surprises with a quarterly profit, while Tesla and IBM face mixed reactions to their financial reports. Moderna shares dip on vaccine trial news, and Las Vegas Sands sees a surge. Dive into the details of these market movements.

Market Movers in After-Hours Trading

After-hours trading saw significant activity across various sectors, with companies like IBM, Tesla, and Moderna making headlines. According to reports, these movements were driven by earnings results and clinical trial updates, influencing investor sentiment as the market closed.

by Ortega Rafael