Categories: World

Tesla shares fall 4% in Europe after profit miss

Published by TSG Syndication

Oct 23 (Reuters) - Tesla's shares fell nearly 4% in early Frankfurt trading on Thursday, after the company's quarterly profit missed Wall Street expectations due to tariff and research costs, as well as a drop in income from regulatory credits. Revenues however beat estimates, driven by the highest quarterly sales of its electric vehicles, as U.S. buyers rushed to lock in a key tax credit ahead of its expiry last month. The stock is down around 10% in Frankfurt so far in 2025, compared with a 8.7% rise in New York. (Reporting by Danilo Masoni; Editing by Amanda Cooper) (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)
TSG Syndication
Published by TSG Syndication