---
title: "U.S. Stock Movement | Tesla falls over 5% as Q3 net profit declines 29% year-on-year"
description: "On Thursday, Tesla fell more than 5%, closing at $416.92. The financial report showed that Tesla's revenue for the third quarter was $28.1 billion, a year-on-year increase of 12%, exceeding analysts' "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262457288.md"
published_at: "2025-10-23T13:52:34.000Z"
---

# U.S. Stock Movement | Tesla falls over 5% as Q3 net profit declines 29% year-on-year

> On Thursday, Tesla fell more than 5%, closing at $416.92. The financial report showed that Tesla's revenue for the third quarter was $28.1 billion, a year-on-year increase of 12%, exceeding analysts' estimates of $26.37 billion; adjusted net profit was $1.77 billion, a year-on-year decrease of 29%, marking the third consecutive quarter of decline; adjusted earnings per share were $0.50, a year-on-year decrease of 31%, lower than analysts' estimate of $0.54. Analysts believe that the decline in net profit is related to Tesla's launch of lower-priced models in the third quarter. In October, Tesla launched standard versions of the Model 3 and Model Y in the United States, with a price reduction of about 12%. Tesla's automotive business gross margin in the third quarter decreased by 1.6 percentage points year-on-year to 15.4%, below the average expectation of 15.6%

According to Zhitong Finance APP, on Thursday, Tesla (TSLA.US) fell more than 5%, closing at $416.92. The financial report shows that Tesla's revenue in the third quarter was $28.1 billion, a year-on-year increase of 12%, exceeding analysts' estimate of $26.37 billion; the adjusted net profit was $1.77 billion, a year-on-year decrease of 29%, marking the third consecutive quarter of decline; the adjusted earnings per share were $0.50, a year-on-year decrease of 31%, lower than analysts' estimate of $0.54.

Analysts believe that the decline in net profit is related to Tesla's launch of lower-priced models in the third quarter. In October, Tesla launched the standard versions of Model 3 and Model Y in the United States, with a price reduction of about 12%. Tesla's automotive business gross margin in the third quarter decreased by 1.6 percentage points year-on-year to 15.4%, lower than the average expectation of 15.6%

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.