FX.co ★ Tesla Inc. Q3 Profit Increases, Beats Estimates

Tesla Inc. (TSLA) has announced its third-quarter earnings, showcasing an increase from the same period last year and exceeding Wall Street's expectations.

The company reported net earnings of $2.167 billion, translating to $0.62 per share, compared to $1.853 billion or $0.53 per share in the third quarter of the previous year.

When excluding special items, Tesla's adjusted earnings reached $2.505 billion or $0.72 per share. This performance surpassed analysts' predictions, which, as gathered by Thomson Reuters, had anticipated earnings of $0.58 per share, exclusive of extraordinary items.

Revenue for the quarter saw a 7.8% rise, climbing to $25.182 billion from the previous year's figure of $23.350 billion.

In summary, Tesla Inc.'s financial highlights for the third quarter (based on GAAP) are as follows:

- Earnings: $2.167 billion, an increase from $1.853 billion the previous year.

- Earnings per Share (EPS): $0.62, up from $0.53 a year ago.

- Revenue: $25.182 billion, up from $23.350 billion in the prior year.