Tesla Earnings Slide as Revenue Misses Estimates, Cybertruck Ramp-Up Takes Time
- Tesla earnings slid 37% to 66 cents per share, lowest in 2 years
- Revenue increased 9% to $23.35 billion, missing estimates
- Gross profit margin fell to 17.9%, down 719 basis points
- Cybertruck deliveries to begin in Nov but scaling production will take 1-2 years
- Musk said best guess is 250k Cybertrucks per year by 2025
- Stock fell 4.8% to 242.68, now below 50-day moving average
