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The Independent UK
The Independent UK
National
Bernard Condon

Tesla's Q3 profit drops as it prepares for possible merger with Musk's other public company, SpaceX

Elon Musk Tesla Inc. SpaceX Mergers
Tesla Roadster - (Copyright 2025 The Associated Press. All rights reserved)

Tesla reported a decline in profit for the latest quarter as it prepares for a possible merger with Elon Musk’s other big business, SpaceX.

The electric vehicle maker reported third-quarter net income of $787 million, or 22 cents per share, down 44% from the year-earlier period. Excluding certain items, though, earnings per share of 48 cents beat Wall Street analyst expectations by 3 cents.

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