Elon Musk’s company Tesla said on Wednesday that it expects to achieve slight growth in vehicle deliveries this year and reported a higher-than-expected profit margin for the third quarter, sending shares up 5% after hours.
Read More Tesla Shares Soar After Company Announces Better-Than-Expected Profit Of $2B
Tesla will lay off more than 10% of its global workforce as it grapples with falling sales and an intensifying price war for EVs.
Read More Tesla to lay off more than 10% of staff globally as sales fall
Shares of Tesla fell nearly 6% after a report said German software firm SAP will no longer procure their electric cars.
Read More Tesla falls after report of SAP snub, Piper Sandler price target cut