The Tesla company wasn't able to beat its revenue expectations, but it could have been worse without the federal tax credit program supporting it.

Tesla (TSLA) has underperformed over the past few weeks following a disappointing production report and negative market reactions to its

Tesla slashed prices last year leading to a sharp decline in profit margins. This spring, it shifted its strategy to offering cheaper financing options and discounts that analysts have said could slow its margin bleed over the coming quarters.

Tesla’s Q3 2024 earnings report was published at the close of markets today. The EV company reported $25.18 billion in revenue for the quarter, which narrowly misses the $25.4 billion expectation. Tesla earned $0.62 per-share, beating the expectation of $0.58.

The surprise increase was the first since the electric-car maker’s earnings began to slide earlier this year as it turned to deep price cuts and other sales promotions to stimulate sales.

Tesla's robotaxi event earlier this month failed to live up to the hype. Now investors are shifting back to the company's financials, with third-quarter results on deck after Wednesday's closing bell.

Tesla (TSLA) is about to release Q3 2024 financial results on Wednesday, October 23, after the markets close. As

Tesla (TSLA) will release its third quarter (Q3) earnings after the market closes this Wednesday, Oct. 23. While the electric vehicle (EV) maker managed to grow its Q3 deliveries on a sequential and year-over-year basis,