Business StandardCenter·
Tesla Q3 profit falls 44% as $1.5 bn free cash flow lifts investor outlook
Tesla reported a decline in profit for the latest quarter but a measure of cash its business generated surged, leaving investors with a mixed picture as it prepares for a possible merger with Elon Musk's other big company, SpaceX. The electric vehicle maker reported third-quarter net income of USD 787 million, or 22 cents per share, down 44 per cent from the year-earlier period. Excluding certain items, though, earnings per share of 48 cents beat Wall Street analyst expectations by 3 cents. One…
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