Hyperdrive
Tesla Shows Progress on Profit as Investors Seek Perfection
- CFO Kirkhorn takes over the earnings call as Musk bows out
- Gross margins from automaking widen in the latest period
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Tesla Inc. reported third-quarter revenue that fell short of Wall Street estimates but managed to beat profit projections, overcoming a semiconductor shortage and supply-chain challenges that have stymied competing automakers.
The results mark the ninth straight quarter of profit for the 18-year-old electric carmaker and came despite obstacles that included backups at ports and even rolling blackouts in China that made it tough to keep factories operating at full capacity.