New York, Oct. 23 -- Tesla has seen its profits slide even as it reported record quarterly revenue after US buyers rushed to secure a key tax credit on electric car purchases before it ended last month.
The firm said revenue for the three months to the end of September hit a record USD 28bn (£21bn), up 12 percent from the same time last year.
But the company's profits dropped by 37 pc for the same period, partly due to extra costs linked to tariffs and research, reports BBC.
The results come ahead of a vote by shareholders in November on a new pay package for chief executive Elon Musk that could be worth as much as $1tn.
Tesla shares were down by around 3.7 pc in extended trading after the results were announced.
The company's rou...