Tesla reported third-quarter earnings after the bell, and executives addressed a broad range of questions during the earnings call, including macroeconomic concerns and CEO Elon Musk’s pending takeover of Twitter.Shares fell by about 5% after hours following the results.Here are the results.Earnings: $1.05 vs 99 cents per share (adjusted) expected, based on analysts polled by RefinitivRevenue: $21.45 billion vs $21.96 billion expected, per Refinitiv.Tesla’s net income (GAAP) for Q3 2022 reached $3.33 billion, with automotive gross margins holding steady at 27.9%, exactly where it stood in the second quarter of 2022. During the same period last year, Tesla reported $1.62 billion in profits.On an earnings call on Wednesday to discuss the results, Musk answered shareholder questions about electric vehicle demand and a possible share buyback.”I can’t emphasize enough we have excellent demand for Q4 and we expect to sell every car that we make for as far into the future as we can see,” Musk said. “The factories are running at full speed and we’re delivering every car we make, and keeping operating margins strong.”Tesla is likely to do a “meaningful buyback” next year, he added, potentially between $5 billion and $10 billion pending board approval.He also said, optimistically, “I’m of the opinion that we can far exceed Apple’s current market cap. In fact I see a potential path for Tesla to be worth more than Apple and Saudi A …
