Tesla (TSLA) revenue in the third quarter was 28.05 billion USD (−0.2% y/y), while earnings per share (GAAP) fell by 43.6% y/y to a level of 0.22 USD.

Quarterly results#

Earnings per share (adjusted) was 0.48 USD (−4.0% y/y) compared to 0.50 USD a year earlier.

What management says#

Management indicated that the impact of Robotaxi on results will not be visible in the current period, and the significance of this segment is likely to become noticeable in the second quarter of next year and in the third or fourth quarter. According to management, the first customer cars may join the Robotaxi fleet roughly in the second quarter of next year.