By BERNARD CONDON
NEW YORK (AP) — Tesla , the car company run by Elon Musk , reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply.
Third-quarter earnings at Tesla fell to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the third quarter in a row that profit dropped. Excluding certain charges, earning were 50 cents per share, down from 72 cents per share a year ago and below the 56 cents forecast by Wall Street analysts.
Revenue rose to $28.1 billion from $25.2 billion in the June through September period, beating Wall Street’s forecast.
Tesla shares fell 1% to $434.82 in after-hours trading
Financial analysts have been upping their esti