Tesla (TSLA) Tops Q3 EPS by 3c, Beats on Revenue; Offers update

Tesla (NASDAQ: TSLA) reported Q3 EPS of $0.48, $0.03 better than the analyst estimate of $0.45. Revenue for the quarter came in at $28.05 billion versus the consensus estimate of $27.92 billion.

• Data center demand: Tesla expects rising demand from data centers to continue driving demand for its products.
• Production: Tesla Semi production has begun in Nevada, while Optimus production has started in Fremont.
• Free cash flow: Q3 FCF totaled $1.53 billion, compared with expectations for a $4.92 billion outflow.
• AI infrastructure: Tesla targets 400 MW of AI training compute capacity by year-end to support vehicle and humanoid robot autonomy development.
• Capital expenditures: Q3 capex totaled $4.73 billion.

For earnings history and earnings-related data on Tesla (TSLA) click here.

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