Tesla (TSLA.O) reported Q3 net income of $787m, down about 44% from $1.4bn a
year earlier, marking a second consecutive YoY profit decline. Revenue was
$28.0bn, roughly flat with the prior year; market consensus was $785m net and
$27.88bn revenue. CEO Elon Musk has warned that substantial investment in
AI-driven autonomy and humanoid robots would weigh on profits; revenue from
those businesses remains limited. Q3 free cash flow was positive $1.53bn versus
a consensus forecast of negative $4.92bn.
