Tesla Defies Expectations with Strong Q3 Profit Margins

Tesla has reported a higher-than-expected profit margin of 19.8% for the third quarter, surpassing analyst estimates despite the provision of financial incentives to boost demand for its older electric vehicle models.

Tesla surprised the market by posting a robust profit margin of 19.8% for the third quarter, surpassing analysts' expectations of 17.3% as reported by a group of 21 LSEG polled analysts.

This impressive performance occurred even while Tesla provided significant financial incentives to stimulate consumer demand for its aging electric vehicle fleet.

The latest figures indicate a growth from the 18% margin recorded in the second quarter, highlighting Tesla's ability to maintain strong financial performance amid market challenges.

(With inputs from agencies.)