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TSLA

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Tesla reported a 12% increase in third quarter revenue on Wednesday following two straight periods of declines. However, earnings missed analyst estimates, pushing the stock down almost 5% in extended trading.

Here's how the company did compared with estimates from analysts polled by LSEG:

Earnings per share: 50 cents adjusted vs. 54 cents estimated

Revenue: $28.10 billion vs. $26.37 billion estimated

Total revenue climbed from $25.18 billion a year earlier. Automotive revenue increased 6% to $21.2 billion from $20 billion in the year-ago period, Tesla said.

Net income fell 37% to $1.37 billion, or 39 cents per share, from $2.17 billion, or 62 cents per share a year earlier. The profit drop reflected l

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