Tesla’s latest earnings report showed third-quarter net income fell to $787 million from $1.4 billion a year earlier, a decline of about 44%. Revenue came in at $28 billion, roughly flat from the same period last year. The company also posted positive free cash flow of $1.53 billion for the quarter, compared with a market expectation of negative $4.921 billion. The figures were cited in a ChainCatcher news update.
According to ChainCatcher, Tesla’s latest earnings report showed third-quarter net income fell to $787 million from $1.4 billion in the same period last year, a drop of about 44%.
Revenue was $28 billion, roughly flat year over year. Tesla also reported positive free cash flow of $1.53 billion in the third quarter, versus a market expectation of negative $4.921 billion.
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