WS #16299
Tesla reported better-than-expected third-quarter earnings, although automotive revenue fell 3% year-over-year. The company is advancing its long-term growth narratives, with reports of Optimus humanoid robot production starting and new robotaxi videos being released. Despite the operational progress, major banks like JPMorgan and UBS have assigned Neutral ratings, reflecting caution on near-term auto demand.
Tesla Earnings and Robotaxi Progress
Tesla reported better-than-expected third-quarter earnings, although automotive revenue fell 3% year-over-year. The company is advancing its long-term growth narratives, with reports of Optimus humanoid robot production starting and new robotaxi videos being released. Despite the operational progress, major banks like JPMorgan and UBS have assigned Neutral ratings, reflecting caution on near-term auto demand.