The EV industry is battling multiple challenges, including semiconductor shortages and supply chain constraints. However, the demand for EVs continues to remain strong, fueled by government initiatives and customers’ inclination towards environment-friendly vehicles. Tesla (TSLA) successfully battled the challenges faced by the EV industry in Q3 to keep its factories running. The company reported its “best-ever net income, operating profit and gross profit” in Q3 at $1.6 billion, $2 billion and $3.6 billion, respectively. Tesla posted revenues of $13.8 billion, soaring 57% year-over-year, and surpassing Street estimates of $13.6 billion. Adjusted earnings came in at $1.86 per share, up a whopping 145% year-over-year, and significantly beating analysts estimates of $1.
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Tesla (NASDAQ:TSLA)
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Tesla (NASDAQ:TSLA)
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