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Tesla’s Profits Soar but Tesla’s Stock Falls After Q3 Earnings

Tesla (TSLA 3.45%) reported fiscal 2022 third-quarter earnings after the markets closed on Wednesday, Oct. 19. Profits jumped higher in the quarter, but the stock fell as investors worry about customer demand amid a slowing global economy.

*Stock prices used were the afternoon prices of Oct. 20, 2022. The video was published on Oct. 21, 2022.

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tesla. The Motley Fool has a disclosure policy.

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