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Tesla’s U.S. Sales in Third Quarter Fell 39%, Filing Reveals

  • Sales in China, ‘other’ markets rose compared to a year ago
  • Roth cuts Tesla to sell from neutral citing unstainable margin
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Tesla Had a 'Great Quarter,' Tigress Financial CIO Says
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Tesla Inc.’s surprise profit in the third quarter came despite a drop of almost 40% in revenue from the U.S. -- its largest market.

The electric automaker’s U.S. sales plummeted to $3.13 billion in the latest quarter, from $5.13 billion a year earlier, according to a securities filing on Tuesday. Tesla said earlier this month global deliveries for the quarter rose to a record 97,000 vehicles, though most of that growth came from sales of the Model 3 -- its cheapest vehicle.