Tesla beats on earnings and sales even as auto revenue declines

Tesla posted third-quarter earnings that surpassed analyst forecasts despite headwinds in its core business segments. The electric vehicle manufacturer’s automotive revenue declined 3% from the prior year to $20.56 billion, while energy revenue fell 16% to $2.88 billion. The company attributed the automotive underperformance to reduced average selling prices and battery supply constraints affecting production capacity.
Compensating for these declines were strong results in services and other