Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF.
Tesla Inc.’s third-quarter profit fell short of Wall Street’s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs.
Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expectations.
The company reiterated language from the previous quarter that it’s “difficult to measure” how shifting global trade and fiscal policies would impact its businesses and operations. Tesla sees results hinging on the broader economic environment as well as its speed in accelerating autonomy efforts and ramping up production for key products.
Tesla warned it still faces “near-term uncertainty from shifting trade, tariff and fiscal policy,” but it’s investing in future business lines, including robotics. Analysts surveyed by Bloomberg expect Tesla to report a second year in a row of declining vehicle deliveries. 
Today's show features:
Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, and Bloomberg Tech Co-Host Ed Ludlow on Tesla’s earnings and outlook
Tye Brady, Chief Technologist, Robotics at Amazon on the company’s “Delivering the Future” event and the evolution of AI with Amazon warehouses
Mayor Tim Kelly (I – Chattanooga, TN) and Janet Rehberg, EPB's President and CEO-Elect, on Chattanooga's quantum economy

Watch Carol and Tim LIVE every day on YouTube: <a href="http://bit.ly/3vTiACF" data-destination="rte:bind">http://bit.ly/3vTiACF</a>. Tesla Inc.&rsquo;s third-quarter profit fell short of Wall Street&rsquo;s expectations despite record electric-vehicle sales, a sign of the pressure automakers are facing from shifting federal policies and rising costs. Adjusted earnings were 50 cents per share in the period, the company said Wednesday in a statement. Analysts had expected 54 cents on average in estimates compiled by Bloomberg. Revenue was $28.1 billion, outpacing expectations. The company reiterated language from the previous quarter that it&rsquo;s &ldquo;difficult to measure&rdquo; how shifting global trade and fiscal policies would impact its businesses and operations. Tesla sees results hinging on the broader economic environment as well as its speed in accelerating autonomy efforts and ramping up production for key products. Tesla warned it still faces &ldquo;near-term uncertainty from shifting trade, tariff and fiscal policy,&rdquo; but it&rsquo;s investing in future business lines, including robotics. Analysts surveyed by Bloomberg expect Tesla to report a second year in a row of declining vehicle deliveries. Today's show features:
<ul>
<li>Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, and Bloomberg Tech Co-Host Ed Ludlow on Tesla&rsquo;s earnings and outlook</li>
<li>Tye Brady, Chief Technologist, Robotics at Amazon on the company&rsquo;s &ldquo;Delivering the Future&rdquo; event and the evolution of AI with Amazon warehouses</li>
<li>Mayor Tim Kelly (I &ndash; Chattanooga, TN) and Janet Rehberg, EPB's President and CEO-Elect, on Chattanooga's quantum economy</li>
</ul>

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.  Watch us LIVE on YouTube: http://bit.ly/3vTiACF.

Carol Massar and Tim Stenovec bring you reporting from the magazine that helps global leaders stay ahead, plus insight on the people, companies and trends shaping today's complex economy.&nbsp; Watch us LIVE on YouTube: <a href="http://bit.ly/3vTiACF">http://bit.ly/3vTiACF</a>.

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and editors.

Bloomberg Businessweek

Tesla Earnings Miss Despite Record Third-Quarter Sales Surge

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