Tesla Q3 Revenue Misses Estimates as Net Income Falls 43%

Tesla’s third-quarter revenue missed the analyst consensus and net income attributable to common stockholders fell 43%, while Binance’s TSLAUSDT perpetual contract tracks the automaker’s share price around the clock.

Revenue totaled $28.046 billion, down $49 million from $28.095 billion a year earlier and $295 million below the $28.341 billion analyst consensus. Net income attributable to common stockholders was $787 million.

Adjusted diluted earnings were $0.48 a share, above the $0.45 consensus. Battery availability limited growth in vehicle volumes during the quarter.

Before the earnings release, the contract traded at $352.10 on Oct. 18, below six moving averages. That price is an earlier observation, not a measure of trading after the results.

TSLAUSDT is an equity perpetual settled in Tether (USDT). The derivative’s price tracks Tesla shares, and it trades 24 hours a day, seven days a week. Holding the contract does not provide ownership of Tesla stock, dividends or voting rights.