<div id="readability-page-1">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.<div>Get breaking market news alerts:</div>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 tradingFinancial analysts have been upping their estimates of revenue since Musk announced earlier this month that sales of electric vehicles, one part of the multipronged business, rose 7% in the quarter after plunging for most of the year. The sales were boosted by customers rushing to take advantage of a $7,500 federal tax credit for those EV purchases before it expired on Oct. 1, possibly stealing sales from the current quarter.Tesla was also helped by surging sales from its separate battery storage business, but the EVs still make up much of the overall revenue figures. <h2>Where Should You Invest $1,000 Right Now?</h2>Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here </div>

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Tesla reported a decline in profits for the third consecutive quarter, with earnings falling to $1.4 billion, or 39 cents per share, down from $2.2 billion, or 62 cents per share a year earlier. Despite selling more vehicles, revenue increased to $28.1 billion, surpassing forecasts. The drop in profits was attributed to earlier boycotts, although sales were boosted by a federal tax credit for electric vehicle purchases. Tesla shares fell 1% in after-hours trading.

- Tesla reported a rise in vehicle sales in the past three months, despite a significant drop in profits, with third-quarter earnings falling to $1.4 billion from $2.2 billion a year earlier.  
- Revenue increased to $28.1 billion, surpassing Wall Street forecasts, aided by a 7% rise in electric vehicle sales driven by a federal tax credit before its expiration.  
- However, Tesla's shares fell 1% in after-hours trading, reflecting ongoing concerns about profit declines for the third consecutive quarter.

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Profits at Musk's car company plunged again last quarter even as it sold more vehicles