Analysts have raised their Tesla stock targets
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Tesla, Tumble and Undermine Record EV
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Tesla's profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit.
Tesla’s third-quarter earnings revealed a sharp decline in profits despite higher vehicle sales, marking its fourth straight quarter of underperformance. The automaker’s net income fell to $1.4 billion from $2.
The cheaper Standard variants and Tesla's offers and discounts to stave off competition globally have pressured the company's once-enviable margins, worrying investors.