Tesla Makes $2.2 Billion In Profit During Q3 2024

All of that helped total revenue rise by 8 percent year over year to $25.2 billion. Gross profit jumped by 20 percent to $5 billion, and once generally accepted accounting principles are applied, its net profit grew 17 percent compared to Q3 2023, at $2.2 billion. What’s more, the company is sitting on a healthy treasure chest. Free cash flow… Read More

Polestar Cuts Delivery Times And Profit Margins Even As Revenue And Sales Increase

The company says, “The slump in global consumer demand is having a particular impact on the EV penetration rate.” Polestar’s third-quarter results revealed difficult market conditions, forcing the company to cut its planned electric vehicle deliveries in 2023 to about 60,000 units. Formerly Polestar… Source: insideevs.com