Tesla's revenue rebounds

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

One of the third-quarter business reports attracting international investors' attention today (October 23) is that of electric car manufacturer Tesla, in which the company's revenue has returned to growth after two consecutive quarters of decline.

Specifically, Tesla's third-quarter revenue reached $28.1 billion, a 12% increase from the previous quarter and exceeding market forecasts. However, operating costs also surged due to research and development activities, as well as the impact of US tariffs on automotive components. This resulted in a sharp decline in the company's net profit for the quarter, falling to nearly $1.4 billion.

Despite a return to revenue growth, Tesla is still experiencing a downturn in many major markets outside the US, such as Europe. Following the release of the report, the company's stock price fell by more than 6% in after-hours trading.

In early October, Tesla launched two "standard" models at lower prices. Analysts have offered mixed reviews of these products, with some suggesting that these models will not be able to sustain a recovery in consumer demand.

Some leading automotive analysts say they don't expect Tesla's sales to increase significantly until the company launches a new model. JPMorgan Bank believes that to regain sustainable growth momentum, Tesla needs to expand its product line.

The company stated that, despite facing "short-term uncertainty from changes in trade, tariff, and fiscal policies," Tesla is making investments that will deliver "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). He also predicted that autonomous technologies will boost Tesla's market capitalization by an additional $1 trillion.

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