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, as competitors like Dodge’s high-end models have reshaped the luxury performance market. Analysts will be watching whether Tesla can sustain profitability amid shifting consumer demand and rising competition. The results raise questions about the automaker’s ability to maintain growth in a rapidly evolving industry.
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 ...
