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Tesla profits drop but top analyst estimates

Yahoo · Published by source:

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Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as multi-billionaire Elon Musk's electric vehicle maker invested heavily in new technologies.Texas-based Tesla reported profits of $787 million, down 42.7 percent from the year-ago period.

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Tesla profits drop but top analyst estimates

Tesla reported a drop in third-quarter profits Wednesday but topped analyst estimates as multi-billionaire Elon Musk's electric vehicle maker invested heavily in new technologies.Texas-based Tesla reported profits of $787 million, down 42.7 percent from the year-ago period.