profits have fallen by 22 percent - as admitted the firm had 'dug its own grave' over the rollout of its ambitious Cybertruck. Revenue for the third quarter of the year was $23.4 billion down from analysts' expectations of $24.09 billion. Year-on-year gross profits fell 22 percent - prompting Tesla shares to plummet around 9 percent to $220 as of midday on Thursday.
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