Tesla beats Wall Street's earnings expectations, but Elon Musk has a $787 million profit problem
By Jai Hamid
Tesla gave Wall Street better earnings than expected on Wednesday, but the numbers came with a pretty big catch: profits are shrinking. Elon Musk’s company made just $787 million for common shareholders in the third quarter, down 29% from $1.11 billion a year earlier. Even with the earnings beat, investors sent the…
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