Tesla reported a steep decline in third-quarter net income, dropping 43% year-over-year to $787 million, despite revenue remaining nearly unchanged at around $28 billion. The company’s financial performance contrasts with its past dominance in high-end electric vehicles, as competitors have introduced rival models that challenge its market position. Analysts will likely scrutinize whether Tesla’s growth has plateaued or if broader industry shifts are reshaping consumer demand. The results raise questions about sustainability amid rising competition in the premium EV segment.
Tesla said third-quarter net income fell 43 percent from a year earlier to $787 million. Revenue was roughly flat at $28 billion. While Dodge's Charger Hellcat was once the pricey halo, other models ...
