Yello Paradisers! In its recently released Q3 2023 earnings report, electric car behemoth Tesla confirmed that it neither bought nor sold any Bitcoin during the quarter, maintaining its substantial cryptocurrency holdings.

📰Financial Highlights:

– Revenue: Tesla posted a revenue of $23.4 billion, falling short of the anticipated $24.06 billion.

– Earnings Per Share (EPS): The company’s adjusted EPS stood at 66 cents, missing the projected 74 cents.

– Gross Profit Margin: Tesla’s gross profit margin for Q3 was 17.9%, slightly below the expected 18%.

📰Vehicle Deliveries and Targets

Earlier in the month, Tesla announced a 7% drop in vehicle deliveries for Q3 compared to the preceding quarter. Despite this, the company remains steadfast in its goal to achieve 1.8 million vehicle deliveries by the end of 2023.

📰Engaging with Shareholders

Tesla utilizes the Say Technologies platform to curate questions from its shareholders, which are then addressed prior to the release of earnings reports.

📰Pricing Adjustments

During the quarter ending September 2023, Tesla made several pricing adjustments. This included reducing the costs of certain electric vehicle models both domestically and internationally. Additionally, the company slashed the price for its premium driver assistance software, known as the Full Self-Driving (FSD) option or FSD Beta.

ParadiseTeam🌴