{"id":16315,"date":"2024-10-23T21:37:20","date_gmt":"2024-10-23T19:37:20","guid":{"rendered":"https:\/\/costops.com\/index.php\/2024\/10\/23\/telsa-shares-jump-in-third-quarter-earnings-even-as-expected-revenue-is-lower\/"},"modified":"2024-10-23T21:37:20","modified_gmt":"2024-10-23T19:37:20","slug":"telsa-shares-jump-in-third-quarter-earnings-even-as-expected-revenue-is-lower","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2024\/10\/23\/telsa-shares-jump-in-third-quarter-earnings-even-as-expected-revenue-is-lower\/","title":{"rendered":"Telsa shares jump in third quarter earnings even as expected revenue is lower"},"content":{"rendered":"<p>After two slow quarters, Elon Musk\u2019s electric vehicle maker reported a higher-than-expected earnings a share<\/p>\n<p>Tesla shares saw an 8% jump after reporting its third quarter earnings on Wednesday. The electric car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an earnings-per-share of $0.72, surpassing investors\u2019 projection of $0.60.<\/p>\n<p>At the end of the second quarter, Tesla\u2019s chief executive, Elon Musk, said the nearly 50% drop in profits was temporary and due to difficulty competing with cheaper or price-slashed electric vehicles by rival companies such as BYD. \u201cWe don\u2019t see this as a long-term issue,\u201d Musk said in July, \u201cbut really fairly short term.\u201d<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2024\/oct\/23\/tesla-quarterly-earnings-report-musk\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/f01bda2b016178f35b6135c85e0c570361c79e96\/0_548_8196_4916\/master\/8196.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=b1877b66ecaa37fbb1a047a9959743e2\" title=\"Telsa shares jump in third quarter earnings even as expected revenue is lower\" \/>After two slow quarters, Elon Musk\u2019s electric vehicle maker reported a higher-than-expected earnings a share<br \/>\nTesla shares saw an 8% jump after reporting its third quarter earnings on Wednesday. The electric car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an earnings-per-share of $0.72, surpassing investors\u2019 projection of $0.60.<br \/>\nAt the end of the second quarter, Tesla\u2019s chief executive, Elon Musk, said the nearly 50% drop in profits was temporary and due to difficulty competing with cheaper or price-slashed electric vehicles by rival companies such as BYD. \u201cWe don\u2019t see this as a long-term issue,\u201d Musk said in July, \u201cbut really fairly short term.\u201d Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After two slow quarters, Elon Musk\u2019s electric vehicle maker reported a higher-than-expected earnings a share Tesla shares saw an 8% jump after reporting its third quarter earnings on Wednesday. The electric car manufacturer was able to bounce back from a tough second quarter, beating Wall Street expectations for earnings per share. The company reported an &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2024\/10\/23\/telsa-shares-jump-in-third-quarter-earnings-even-as-expected-revenue-is-lower\/\"> <span class=\"screen-reader-text\">Telsa shares jump in third quarter earnings even as expected revenue is lower<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":16316,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16315"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=16315"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/16315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/16316"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=16315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=16315"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=16315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}