Southern Doubling Long Tesla ETF Opens Nearly 5% Lower as Tesla's Q3 Net Profit Plunges 43%

Stock News09:32

Southern Doubling Long Tesla (07766) opened nearly 5% lower, down 4.91% at HK$84.5 as of press time.

On the news front, after the U.S. market close on Wednesday, Tesla Motors (TSLA.US) released its third-quarter 2026 financial report, with its after-hours stock price briefly rising more than 1%.

Data showed that the company's quarterly revenue was $28.046 billion, essentially flat compared with $28.095 billion in the same period last year; GAAP net profit was $787 million, down 43% year over year; diluted earnings per share were $0.22, down 44% year over year. Non-GAAP net profit was $1.697 billion, down 4% year over year, and adjusted earnings per share were $0.48, down 4% year over year.

In terms of profitability, Tesla Motors' third-quarter operating profit was $718 million, a sharp decline of 56% year over year, with the operating margin falling to 2.6% from 5.8% in the same period last year. Operating expenses rose 39% year over year to $4.776 billion, mainly due to increased spending on super intelligence and other research and development projects, stock-based compensation expenses, and general and administrative expenses.

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