Tesla's Profits Soar but Tesla's Stock Falls After Q3 Earnings

By Parkev Tatevosian, CFA – Oct 22, 2022 at 7:00AM

NASDAQ: TSLA

Tesla

Market Cap

$461B

Today's Change

(11.21%) $16.21

Current Price

$160.89

Price as of April 24, 2024, 1:25 p.m. ET

Tesla's earnings per share, free cash flow, and revenue jumped higher in Q3.

Tesla (TSLA 11.21%) reported fiscal 2022 third-quarter earnings after the markets closed on Wednesday, Oct. 19. Profits jumped higher in the quarter, but the stock fell as investors worry about customer demand amid a slowing global economy.

*Stock prices used were the afternoon prices of Oct. 20, 2022. The video was published on Oct. 21, 2022.

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