TESLA Q3 Earnings: Profit Plunges 37% as Price Cuts Bite Into Margins
TESLA reported mixed results for Q3. Revenue hit a record $28.1 billion, but profits fell sharply. The company’s price cuts for Model 3 and Model Y, higher costs, and fading regulatory credits all weighed on results. CEO Elon Musk stressed long-term bets on AI and robotaxis, but investors focused on margin pressure and near-term earnings…