Tesla, the Texas-based manufacturer of electric vehicles, solar panels, and batteries, reported a 44% decline in net income for the July-September quarter, amounting to $1.85 billion. Earnings per share also fell from 95 cents to 53 cents. Excluding stock-based compensation, Tesla’s adjusted net income was $2.32 billion, or 66 cents per share. However, these figures fell short of analysts’ consensus estimate of 73 cents per share, according to FactSet.
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