Tesla exceeds earnings per share expectations in Q3 but falls slightly short on revenue, bringing in $25.2 billion.

Tesla released its third quarter earnings results, exceeding analyst estimates with an EPS of $0.72 and $25.18 billion in revenue. Wall Street analysts had expected earnings of 58 cents per share and revenue of $25.37 billion. This led to Tesla’s shares trading 4.5% higher after the results were announced. The company delivered 462,890 vehicles, including 439,975 Model 3 and Model Y models. Additionally, Tesla produced 469,796 vehicles and achieved record gross margins in its Energy business. The company is exploring bringing its newly unveiled robotaxi service to Palo Alto, where its Engineering headquarters is located. Elon Musk announced plans for an unsupervised Full Self Driving launch next year.