Financial results in the third quarter
Tesla recently published its financial results for the third quarter, surprising analysts with a net profit of 2.2 billion dollars, an increase of 17% compared to the same period of the previous year. This result was possible thanks to an increase in global deliveries, which contributed to an 8% increase in revenues, reaching a total of 25.2 billion dollars. After the announcement, Tesla shares rose 12% in after-hours trading, a sign of renewed optimism on the part of
investors.
Growth prospects and new models
Elon Musk, CEO of Tesla, revealed that the company expects vehicle sales to grow between 20% and 30% by 2025, a significant improvement over the current 6% drop in global deliveries. Musk also confirmed that Tesla has abandoned plans for a 25,000 dollar electric car, instead opting for lower cost versions of existing models, which will cost less than 30,000 dollars after subsidies. These new vehicles are expected in the first half of 2025, followed by a dedicated robotaxi, a bold step towards autonomous driving
.
Innovation and investments in the future
Tesla’s energy business reported a record gross margin of 30.5% in the third quarter, offsetting the drop in sales prices of many models. The operating margin rose to 10.8%, compared to 7.6% the previous year. Even the Cybertruck, which had generated losses since its launch, achieved a positive gross margin for the first time. Musk said that Tesla plans to invest more than 10 billion dollars in capital expenditures this year, aiming to expand its data centers and improve software for autonomous driving, a sector that represents the company’s future
.