WASHINGTON, Oct 22 (Bernama-dpa) -- Electric car manufacturer Tesla saw profit fall in the third quarter, the company announced on Wednesday, reported German news agency dpa.
The company's earnings totalled US$787 million, or US$0.22 per share. This compares with US$1.373 billion, or US$0.39 per share, last year.
Excluding items, the car manufacturer, led by tech billionaire Elon Musk, reported adjusted earnings of US$1.697 billion or US$0.48 per share for the period.
The company's revenue for the period fell 0.2 per cent to US$28.046 billion from US$28.095 billion last year.
On Tuesday, Musk said Tesla and SpaceX are exploring a potential merger, adding that both companies had formed special committees at the request of shareholders to examine the possibility.
A merger between Tesla and SpaceX has long been the subject of speculation, but Musk has previously been evasive about the prospect. He said he personally believed a combination would be a good idea, but cautioned that it would be an exaggeration to say it would definitely happen.
Musk noted that such a move would require the approval of at least 50 per cent of Tesla shareholders.
--BERNAMA-dpa
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
