Tesla results shine, as stock price surges
Tesla has delivered a strong set of Q3 results that beat expectations. Earnings per share was $0.72 vs. $0.59 expected, profits were 20% higher than expected, and revenue growth was at its highest level for a year, although revenue narrowly missed analyst estimates. Profit margins were also stronger than expected. EV production and deliveries beat expectations, production rose by 9% and deliveries by 6%. However, the cybertruck was the real jewel in the Tesla crown last quarter, it was the third-highest selling electric vehicle in the US. It is far and away the best-selling utility vehicle of its size. The first and second best selling electric vehicles in the US are, you guessed it, the Tesla models Y and 3 respectively. The question…
