NEW YORK – Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply.

Third-quarter earnings at Tesla fell to $1.4 billion, or 39 cents a share, from $2.2 billion, or 62 cents a share, a year earlier. That marked the third quarter in a row that profit dropped. Excluding certain charges, earning were 50 cents per share, down from 72 cents per share a year ago and below the 56 cents forecast by Wall Street analysts.

Recommended Videos

Revenue rose to $28.1 billion from $25.2 billion in the June through September period, beating Wall Street’s forecast.

Tesla shares fell 1% to $434.82 in after-hours trading

Financial analysts have been upping their estimates of

See Full Page