Tesla on Wednesday reported relatively disappointing third-quarter results, despite delivering a record number of electric vehicles for the period.
The EV maker reported an operating profit of $1.6 billion and adjusted earnings per share of 50 cents from sales of $28.1 billion. Wall Street was looking for operating profit of $1.8 billion and EPS of 57 cents from sales of $27.3 billion.
A year ago, Tesla reported an operating profit of $2.7 billion and EPS of 72 cents from sales of $25.2 billion.