Tesla's War Chest of Cash and Investments Surpasses $26 Billion

's (NASDAQ: TSLA) third-quarter report included some gloomy figures.

For one, the electric carmaker's sales slowed dramatically as the company's deliveries suffered from planned factory shutdowns during the quarter. The electric carmaker had previously told investors it produced and delivered about 430,500 and 435,000 vehicles, respectively, during the third quarter. Both numbers were down substantially sequentially. As a result, Tesla's year-over-year growth rate in vehicle deliveries slowed from 57% growth in the first half of the year to 27% growth in Q3.

Additionally, Tesla's operating margin shrunk from 17.2% in the third quarter of 2022 to just 7.6% in the third quarter of 2023 as aggressive price cuts aimed to boost demand in a high-interest-rate environment weighed heavily on profitability.

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Source Fool.com