Electric cars are booming worldwide, but Tesla is standing still.
The company is announcing progress on several future projects, but vehicle sales are stagnating. On the merger plans with rocket builder SpaceX, CEO Elon Musk said nothing at all this time.
Tesla has reported stagnant vehicle sales, with 487,000 vehicles delivered in the third quarter, slightly more than Wall Street expectations but less than the same period last year. The company's revenue remained steady at $28 billion, but adjusted profit fell to $1.7 billion. Despite this, investors are encouraged by Tesla's cautious investment approach, with spending on investments totaling $4.7 billion, and the company's cash flow coming in better than expected. CEO Elon Musk did not provide new information on potential merger talks with SpaceX.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
