Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

The Energy Storage deployments by the company increased by 90% YoY in Q3 to 4 GWh

October 19, 2023

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U.S.-based electric vehicle (EV) maker Tesla reported a net income of $2.3 billion in the third quarter (Q3) of the financial year (FY) 2023, a 36% year-over-year (YoY) decline.

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Arjun Joshi

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Tesla’s Net Income Falls 36% in Q3 as Lower EV Prices Hurt Profits

Continue Reading with Premium Access

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