Tesla reports higher profit in third quarter

Tesla has had a tumultuous start to the year. (Image: Dean Purcell)

Thu, 24 Oct 2024

Tesla reported surprisingly strong financial results in the third quarter, helping the electric car maker to regain momentum after a tumultuous start to the year in which its profit fell for two straight quarters.Net income was US$2.2 billion (NZ$3.7b) for the July-to-September period, a 17% increase from a year earlier and lifted in large part by higher sales of regulatory credits to other automakers and the strength of Tesla’s energy business.Global deliveries also rose in the third quarter, helping to boost revenue by 8% to US$25.2b. T...

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