Summary by Moomoo AI
Tesla has reported a robust financial performance in the third quarter of 2024, with total revenues reaching $25.18 billion, marking an 8% increase from the same period in the previous year. The company's net income for common stockholders also rose to $2.17 billion, a $314 million improvement year-on-year. However, over the nine-month period, net income saw a $2.30 billion decline compared to the previous year. Tesla's cash and cash equivalents stood at $33.65 billion, up by $4.55 billion from the end of 2023. The company's capital expenditures grew by $1.96 billion to $8.56 billion, reflecting its ongoing investments in growth and development. Tesla's automotive segment saw a 1% increase in sales revenue, driven by higher deliveries of Model 3, Model Y, and the ramp-up of...Show More
