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Tesla Q3 revenue beats expectations, cuts costs with cheaper battery in China

October 22, 2021
Source: pdnews.cn pdnews.cn
News Snapshot:
Tesla's third-quarter revenue beat expectations. /CFP Tesla's third-quarter (Q3) revenue beat expectations on the back of record deliveries, especially by its Chinese factory, but the company still faces pressures from the global supply-chain crisis. Total revenue grew 57 percent year on year to $13.76 billion in the third quarter, which was primarily achieved through growth in vehicle deliveries, as well as growth in other parts of the business. Analysts had expected revenue of about $13.63 billion, according to IBES data from Refinitiv. The company posted robust sales in China, where its giant Shanghai factory has surpassed the Tesla factory in...
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