Tesla Q3 Profit Falls to $787 Million as Revenue Slips 0.2%

Tesla Inc. (TSLA) reported third-quarter earnings of $787 million, or $0.22 per share, down from $1.373 billion, or $0.39 per share, a year earlier, the company announced. Excluding one-time items, adjusted earnings came in at $1.697 billion, or $0.48 per share. Revenue for the quarter edged down 0.2% to $28.046 billion from $28.095 billion in the prior-year period. The results reflect a narrower bottom line despite largely flat top-line performance.