Skip to content
The San Antonio

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

Tesla's Q3 profit drops as it prepares for possible merger with Musk's other public company, SpaceX
Photo: KSAT 12 (ABC affiliate) · view original

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 certai...

Sources and story details