Analysts surveyed by FactSet had projected Tesla would lose about US$253 million in the third quarter. The company fared better during the same period last year with a profit of US$311 million. That means net income for this year’s quarter was down 54 percent from a year earlier. Ford’s net income from July through September was US$425 million, or US$0.11 per share. The profit margins for the critical Mercedes unit narrowed to 6 percent from 6.3 percent a year earlier.

Source: Taipei Times October 24, 2019 15:56 UTC