Tesla Revenue Flat as Elon Musk Eyes Possible SpaceX Deal
Musk's company launched robotaxi service and humanoid production while still managing to spend far less than expected.
TL;DR
- Tesla's third-quarter revenue was $28 billion, a slight decrease of less than 1%, missing expectations.
- Capital expenditures were $4.7 billion, significantly lower than the expected $7.8 billion.
- Net income fell 43% to $787 million.
- Initial production of the Optimus humanoid robot has begun.
- Tesla has also started production of the Tesla Semi and launched robotaxi service.
- The company has the largest vehicle order backlog in four years, attributed to battery supply constraints.
- Tesla aims for a production capacity of 5 million vehicles per year by 2030.
- Special committees have been formed to consider a potential merger between Tesla and SpaceX.
- Elon Musk believes a Tesla-SpaceX merger is a good idea but is not involved in the talks.