Tesla Misses Earnings Estimates Despite Record EV Sales; Stock Slides in After-Hours; Elon Musk to Speak on Call Today
With headline numbers out of the way, investors can focus on what else was said in Tesla’s third-quarter earnings presentation. The most interesting tidbit might just be about robots.
Tesla has launched limited, invite-only robotaxi service in the San Francisco Bay Area, according to third-quarter highlights reviewed by Barron’s.
Tesla said it has also started selling its “Megablock” energy storage product, which is a pre-engineered, medium voltage battery that integrates four Megapack 3s. It’s utility-scale battery storage that helps make electricity grids more efficient.
During the quarter ended in October, the company started to roll out version 14 of its Full Self-Driving driver assistance technology. Tesla also launched…
