Tesla reported that its third-quarter earnings plunged 37% to $1.4 billion (€1.18bn), from $2.2bn (€1.9bn) a year earlier — despite a rise in revenues.
That marked the fourth quarter in a row that profit dropped at Elon Musk's car company.
The sales boost came as a welcome relief after demand fell earlier in the year due to anti-Musk boycotts, although the news came with a significant caveat. Customers rushed to take advantage of a $7,500 federal EV tax credit before it expired on 1 October, possibly stealing
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