Tesla Q3 Profits Tumble 43% Amid Falling Margins and Slower Energy Growth

Tesla reported a sharp 43% year-over-year decline in net income for the third quarter, impacted by price reductions and rising operating costs. The automaker also experienced a slowdown in its energy storage division, which had previously served as a key growth engine. Despite sustained delivery volumes, the earnings slump underscores ongoing margin pressures across the global EV market.