Tesla reported a 44 percent drop in its third-quarter net income driven by a dip in vehicle deliveries as the company’s production was affected due to “planned downtime” at its factories. The EV giant posted a net profit of more than $1.8 billion during the July-September period, marking Tesla’s 17th straight profitable quarter. Shares of the company dropped 4.8 percent at the close of trading to $242.68 on Wednesday, giving it a market value of $760.43 billion.
