Tesla's revenue rebounds

VTV.vn - Tesla's third-quarter revenue reached $28.1 billion, up 12% from the previous quarter and also exceeding market forecasts.

One of the third quarter business reports that international investors paid attention to today (October 23) was the results of electric car company Tesla, in which the company's revenue grew again after two consecutive quarters of decline.

Specifically, Tesla's third-quarter revenue reached $28.1 billion, up 12% compared to the previous quarter and also exceeded market forecasts. However, along with that, operating costs also skyrocketed due to research and development activities, as well as the impact of US tariffs on auto parts. This caused the company's net profit in the quarter to drop sharply to nearly $1.4 billion.

Despite the return to revenue growth, Tesla is still suffering from a slowdown in major markets outside the US, such as Europe. Its stock price fell more than 6% in after-hours trading after the report was released.

Tesla launched two lower-priced “standard” models in early October. Analysts have given mixed reviews, with some saying they won’t be able to generate a sustained recovery in consumer demand.

Several leading auto analysts say they don’t expect Tesla’s sales to pick up significantly until it launches a new model. JPMorgan says Tesla needs to expand its product line to regain sustainable growth.

The company said that while Tesla faces “short-term uncertainty from changes in trade, tariff and fiscal policy,” it is making investments that will bring “incredible value to Tesla and the world across transportation, energy and robotics.”

Wedbush analyst Dan Ives said he believes the most important chapter in Tesla’s growth story is now beginning with the era of Artificial Intelligence (AI), predicting that autonomous technologies will add $1 trillion to Tesla’s market capitalization.

Source: https://vtv.vn/doanh-thu-cua-tesla-tang-tro-lai-100251023153757823.htm