2023-10-21 12:00:03
Tesla has earned 44% less in the third quarter, thus registering a net profit attributed in the period of 1,853 million dollars (1,764 million euros), which represents a decrease of 44% compared to the same months of 2022.
As reported by the company, the decrease in its results, specifically between July and September, is due to the change in its commercial policy, which has led it to reduce the price of its cars. Furthermore, another of the factors that has affected this decline has been, according to Tesla, the increase in operating costs linked to the cybertruck model and the development of security solutions. Artificial intelligence (AI) and in R&D.
Regarding the operating margin in the period, it was 7.6%, almost ten points less than a year before (17.2%). Furthermore, the gross operating profit (EBITDA) fell 24% in the third quarter of the year, to 3,758 million dollars (3,580 million euros), with an adjusted EBITDA margin of 16.1%.
Of course, the automotive company’s operations have benefited in the third quarter of this year from the growth in its sales volume worldwide, which increased 27% in the period, up to 435,059 units.
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