05:45 AM EDT, 10/23/2025 (MT Newswires) -- (Updates with the latest stock price movement in the headline and the first paragraph.)

Tesla (TSLA) shares were down 3.3% in recent premarket activity Thursday after the electric vehicle manufacturer's Q3 adjusted earnings fell more than expected.

The company reported Q3 adjusted earnings late Wednesday of $0.50 per diluted share, down from $0.72 a year earlier.

Analysts polled by FactSet expected $0.56.

Revenue for the quarter was $28.10 billion, up from $25.18 billion a year earlier.

Analysts surveyed by FactSet expected $26.54 billion.