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Real-time News
According to CNN: A US federal judge extended the ban preventing the National Guard from deploying to Chicago.Data shows that the size of the U.S. national debt reached $38 trillion for the first time.Tesla (TSLA.O): The company has sufficient liquidity to fund its product roadmap, long-term capacity expansion plans and other expenditures.On October 23, Tesla (TSLA.O) announced a lower-than-expected third-quarter profit, despite record sales of its electric vehicles, indicating that the company is facing pressure from changing US policies and rising costs. The companys financial report showed adjusted earnings per share of 50 cents in the third quarter. The average analyst expectation was 54 cents. However, quarterly revenue of US$28.1 billion exceeded market expectations. The company reiterated its statement from the previous quarter that it is difficult to measure how changing global trade and fiscal policies will affect its business and operations. Tesla believes that its performance depends on the broader macroeconomic environment and the speed at which it accelerates its autonomous driving efforts and increases production of key products. Analysts expect Teslas car deliveries to decline for the second consecutive year. Earlier this month, Tesla reported record third-quarter sales as consumers rushed to buy electric vehicles before the US tax credit policy expired on September 30, which gave the companys core automotive business a brief boost.Tesla (TSLA.O): Increased vehicle deliveries, growth in energy generation and storage, and expansion of services and other businesses all had an impact on revenue; however, regulatory credit income declined, and one-time FSD revenue recognition decreased year-on-year.
