Tesla Q3 profits Halved
Tesla's profits declined by 44% in the third quarter, reaching $787 million compared to $1.4 billion in the same period last year. Revenue decreased slightly by 0.2% to $28.05 billion. Nonetheless, the company posted adjusted earnings of $1.7 billion, or $0.48 per share. Elon Musk announced that Tesla and SpaceX are exploring the possibility of a merger, requiring approval from more than 50% of Tesla's shareholders, in an effort to enhance integration between his companies.
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