Tesla Cybertruck deliveries to begin in November
Tesla Cybertruck deliveries to begin in November by Guaripete #TeslaCybertruck #ElectricRevolution #FuturisticDesign #AlternativeTransportation #Innovation #SustainableMobility #EcoFriendly #AutonomousDriving #Gigafactory #NextGenerationVehicles Tesla (TSLA) stock was volatile in after-hours trading after the electric vehicle maker missed on both the top and bottom lines, though the company did reveal that Cybertruck deliveries are on track for November 30th of this year. For the quarter, Tesla reported top-line revenue of $23.4 billion, missing analysts’ estimates of $24.06 billion, however revenue did climb 13% from a year ago. From a profitability standpoint, Tesla reported adjusted earnings per share (EPS) of $0.66 versus $0.74 expected and adjusted net income of $2.3 billion versus the $2.56 billion expected, which is nearly 37% lower than a year ago. The drop in profitability could be attributed to expected downward pressure on margins since Tesla began its cost-cutting efforts late last year. Tesla reported Q3 gross margin of 17.9%, slightly missing…