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Tesla Surpasses Earnings Expectations, Posts $3 Billion Profit
Tesla reports a $3 billion profit for Q3, driven by higher EV demand and production efficiency.
Tesla has exceeded Wall Street's expectations, reporting a $3 billion profit for Q3. The automaker’s revenue grew by 15% year-over-year, driven primarily by strong demand for its electric vehicles in North America and Europe. CEO Elon Musk credited Tesla's innovations in battery technology and production efficiency. Despite facing supply chain challenges, Tesla's performance solidified its position as the global leader in the electric vehicle market.