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.

Earnings: $1.05 vs 99 cents per share (adjusted) expected, based on analysts polled by Refinitiv Revenue: $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.

Tesla is likely to do a "meaningful buyback" next year, he added, potentially between $5 billion and $10 billion pending board approval.

"China is experiencing a recession of sorts" mostly in the property markets, Musk said, "and Europe has a recession of sorts driven by energy."

In response to a different question, Musk also talked about his pending acquisition of Twitter,

saying "I think it's an asset that has sort of languished for a long time but has incredible potential." He later added,

Musk is expected to sell a portion of his considerable shares in Tesla to help finance the close of that $44 billion take private deal.