Tesla reported third-quarter earnings Wednesday that fell short of economists’ expectations, the first of the world’s largest firms to post third-quarter earnings, following a historic rise in quarterly deliveries in the lead-up to electric vehicle tax credits expiring.

Nearly 13,000 Tesla vehicles are being pulled back after a defect was discovered that could cause them to lose power unexpectedly, raising crash risks.

Tesla reported a profitable third quarter today — its first this year — as shoppers scrambled to snatch up the company’s EVs in record numbers before the federal EV tax credit expired.

When investors and analysts talk about the future of Tesla, they'll often point to self-driving cars, which are poised to represent as much as 90% of the company's enterprise value by 2029, according to Ark Investment Research,

At 5:30 p.m. ET on Wednesday, Oct. 22, Tesla will hold a live call discussing the financial quarter for investors. Investors can tune into the call by clicking the "Listen" icon under the "Webcast with Q&A" tab on the investor site. In the call, Tesla leaders will discuss the company’s financial and business results and outlook.

The Elon Musk–led EV company is set to recall more than 13,000 cars built between March and August 2025 due to a battery issue that can cause a sudden loss in propulsion while driving. The National Highway Traffic Safety Administration (NHTSA) estimates that roughly one percent of those vehicles are affected.