Tyler welcomes veterans home from Heroes Flight

TYLER – Tyler welcomes veterans home from Heroes FlightTwo dozen veterans are back in East Texas on Wednesday night after returning from an all-expense-paid trip to our nation’s capital, according to our news partners at kETK. 24 East Texas veterans landed from their ‘Heroes Flight’ at the Tyler Pounds Regional Airport on Wednesday night. The flight is an all-expense-paid trip by Brookshire’s Grocery Company to Washington, D.C. This is the 20th Heroes Flight and the first since the pandemic, with more than 700 applications submitted. The East Texas community gave loud cheers at the welcome home celebration for the brave veterans who fought for our freedom. Continue reading Tyler welcomes veterans home from Heroes Flight

Two dead after wreck involving motorcycle

SMITH COUNTY – Two dead after wreck involving motorcycleOur news partners at KETK say two people died in a motorcycle wreck near Whitehouse Wednesday afternoon. According to preliminary information from the Texas Department of Public Safety, a passenger vehicle was going south on FM 756 while a motorcycle was heading north on the same road. DPS said the car tried to make a left turn into a private driveway and failed to yield the right of way to the motorcyclist. Two people on the motorcycle were taken to a hospital where they later died. DPS will not yet release the identities of those involved.

Police find teen with ‘multiple’ gunshot wounds after overnight shooting

TEXARKANA – Police find teen with ‘multiple’ gunshot wounds after overnight shootingOur news partners at KETK report a 17-year-old was taken to an out-of-state hospital after being found with several gunshot wounds in Texarkana on Thursday. Officers were on their way to investigate a shooting at 2:15 a.m. in the 1500 block of Milam Street when they got another 911 call saying a victim was found in front of an apartment near the scene. Police reportedly started lifesaving measures on the teen, who they say “had been shot multiple times.” The teen was taken to Wadley Regional Hospital before being transferred to an Arkansas hospital. His condition is unknown as of Thursday at 10 a.m. “Our detectives are investigating and working to find out what happened and identify the person who did this,” Texarkana Police said.

Board cancels costly psychologist licensing exam

AUSTIN (AP) – A costly proposed national certification exam for psychologists has been scrapped for now after Texas’s licensing authority led the fight against it by considering crafting a cheaper alternative to alleviate the mental health provider shortage.

On Tuesday night, the Association of State and Provincial Psychology Boards, also known as ASPPB, released a statement before their national meeting in Dallas later this month saying the organization has decided to pause the rollout of an additional qualification test to the industry.

The decision, released in 2022, had originally outlined that by Jan. 1, 2026, an extra $450 “skills” test would be added to the already required $800 knowledge exam known as the Examination for Professional Practice in Psychology, or the EPPP test.

This additional skills test was designed to weed out applicants who lacked the skills to work in a clinical setting.

“In response to ongoing feedback from our membership and the broader professional, educational, and training communities, the Board has decided it is time to shift from conflict to resolution,” the ASPPB board said in a statement.

Instead, the ASPPB will explore the feasibility of creating a single-session exam that integrates both knowledge and skill assessment.

“Together, we can navigate this important moment in time and shape a future that supports both the growth of our profession and the protection of those we serve,” the testing agency said in their statement.

John Bielamowicz, the presiding member of the Texas psychologists’ licensing board, applauded the decision but mentioned its hastiness.

“This kind of whiplash isn’t fair to those who are on the cusp of entering the psychology ranks,” he said.

Texas was the first licensing board in the nation to consider an alternative to the national exam due to its cost, leading to other states such as Oklahoma, California, New York, and Florida supporting it.

Currently, Texas licensed psychologists must have a doctoral degree and pass three exams: the $800 knowledge exam by the national testing board, a $210 jurisprudence test, and a $320 oral exam. This is in addition to the $340 a prospective psychologist must pay to do the required 3,500 hours of supervised work.

Any failure requires a candidate to retake an exam and pay the price again. Several mental health providers testified to the Texas board earlier this year that they had spent thousands of dollars trying to pass the current knowledge exam. They said that adding anything else can be costly.

Refusing to adopt this additional test would have made any future psychologists in Texas ineligible to use the existing exam, which the state licensing board has used since 1965.

This summer, the Texas Behavioral Health Executive Council sent a letter to the Federal Trade Commission saying the national board has violated federal antitrust laws by updating the EPPP without approval and input from the states.

The national board denied these claims, stating that the allegations against it ignore the long development history and justifications behind the additional test. The board added that the test change is consistent with every other doctoral-level health service licensure examination in the United States.

Tuesday’s announcement is a significant win for the state of Texas as it struggles to find enough mental health workers.

According to the Texas Department of State Health Services, 246 of the state’s 256 counties have a shortage of mental health professionals, with two counties having partial shortage designations.

Bielamowicz, the presiding member of the state psychologists’ licensing board, said the agency still plans to fold the test into one, meaning a price hike could still be on the horizon.

“I appreciate that ASPPB finally recognized the lack of support for their new test. However, their decision to back away from this deadline changes little — it’s clear they intend to repackage the same ideas and try to force it through at a later date,” he said.

ASPPB still supports the spirit that they say was behind the walked-back decision to add a second test.

“Although the Board of Director’s position remains steadfast — public protection is best achieved by evolving our licensure examination to be comprehensive and competency-based, evaluating not only our foundational knowledge but also practical skills — we find ourselves at a pivotal moment,” according to ASPB’s statement. “Our collective goals are at risk of being overshadowed by a tug of war, where no clear winners emerge.”

Texas lawmakers will still get to decide this upcoming legislative session whether to proceed with a state-developed licensing test for psychologists despite the ASPPB’s decision, Bielamowicz said.

Odessa bans transgender people using non-birth sex bathroom

ODESSA (AP) — The Odessa City Council on Tuesday banned transgender people from using restrooms outside of the sex assigned to them at birth, following an emotionally charged exchange between residents and city leaders.

In a 5-2 vote, members of the council expanded a 1989 ordinance that prohibits individuals from entering restrooms of the opposite sex, suggesting they were doing so to protect Odessans and their own families.

Residents pleaded with the council, arguing that such proposals were divisive, stoked fear among the community, and would further stretch city services.

“It is not only unnecessary but also a complete waste of the city’s time, money and resources,” Alexander Ermels, president of PFLAG’s Midland and Odessa chapter and a transgender man, said during public testimony. PFLAG is one of the oldest LGBTQ+ advocacy organizations in the U.S.

“It’s not addressing any real problem in our community,” Ermels said. “Instead, it’s creating one, making people worried about something that just is not an issue.”

Statewide advocates called the move one of the most extreme measures by a local government that further endangers LGBTQ+ participation in the public sphere. It follows a legislative session where lawmakers filed more than 100 bills that sought to regulate the lives of LGBTQ+ Texans. And it could lay the groundwork for a statewide version of the ordinance — similar to one that Texas lawmakers failed to pass in 2017.

And while the Odessa council first debated the matter earlier this summer, its passage comes as Republicans across the U.S. and Texas have ramped up their attacks on transgender people and the politicians that have supported them.

It is also the latest action by a conservative mayor and his allies on the council to push this West Texas town even further to the right. The council has previously approved an anti-abortion ordinance that largely mirrored state law. Mayor Javier Joven, who is up for reelection in November, has said his mission has been to help the city “repent.”

Under the amended ordinance, the city can seek fines of up to $500 and trespassing charges if a transgender person uses a restroom that matches the gender they identify as. The sweeping new terms also allow individuals to sue and seek no less than $10,000 in damages plus the cost of the lawsuit and attorney fees.

The ban applies to “any building, facility or space owned, leased or controlled by, or leased to, the city of Odessa including but not limited to community centers, libraries, airports, park facilities and administrative office buildings.”

It excludes parents of children of the opposite sex who are younger than 12 years old, maintenance and custodial workers, law enforcement officials and medical emergencies.

Council member Chris Hanie insisted he introduced the ordinance to protect the safety of his daughters and grandchildren.

“There’s never been fear. I don’t care who you are, and what you do in the privacy of your home is your business, but I don’t need to see it in public,” Hanie said.

Jonathan Saenz, the president of Texas Values, a conservative and religious think tank who attended the meeting and spoke at length on behalf of the ordinance, reassured local officials that the ordinance would hold up to legal scrutiny.

Joven, responding to public testimony, said the city would not encourage law enforcement officers to surveil the identity of residents using public restrooms.

Statewide advocates questioned the legal integrity of the ordinance and whether local officials can enforce it without overwhelming the courts and the city with lawsuits.

Brian Klosterboer, an attorney with the American Civil Liberties Union’s Texas chapter, said the ordinance exposes the city to liability and “puts a target on its back.” Unlike the legislature, which is protected by sovereign immunity and cannot be sued, the city is at risk of increased legal challenges.

He also said it was rare for local ordinances to authorize new types of lawsuits.

“Police or even people’s neighbors could question their sex and try to enforce this kind of ordinance, so it leads to a lot of bigotry, hatred and division,” he said. “It ultimately will make our communities less safe because people will be policing each other.”

Johnathan Gooch, communications director for Equality Texas, a statewide advocacy group, said it was a disheartening decision by local officials in Odessa, adding it was one of the harshest ordinances he and the organization had seen outside school boards.

Gooch said it puts transgender people at increased risk of discrimination. Texas law does not protect individuals from being discriminated against based on their sexual orientation, gender identity, or expression.

“It’s a very aggressive way to alienate trans people from public life, and I think it is counter to the spirit of friendship that most Texans embody,” he said. “It enables vigilantes just to target anyone that they don’t think matches the type of gender expression they expect to see in the bathroom, and that is truly insane.”

During 40 minutes of public testimony, residents urged the city to drop the proposal and to shift their focus back to pressing everyday issues.

Gale Norris, a lifelong resident who works for the city’s human resources department and a transgender woman, said the ordinance would inspire neighbors to turn against each other and questioned the ability of police officers to monitor every restroom.

“We already have our hands full solving city staffing issues, improving our infrastructure and tightening our budget so that we can better and more efficiently serve the people,” she said. ”I want to do right by the city as much as this council does, but I don’t believe this is the way to do it.”

McKayla De La Rosa, a second-year student at the University of Texas at Permian Basin, was not planning to testify. However, after she heard the discussion between council members and residents she decided to make her voice heard.

She told the council that she must leave town to pursue a doctoral degree, which the university does not offer. When she finishes, she wants to return to Odessa. This ordinance might scare her away.

Active ingredient in Ozempic, Wegovy may reduce risk of Alzheimer’s disease: Study

Iuliia Burmistrova/Getty Images

(NEW YORK) -- The active ingredient found in popular medications for Type 2 diabetes and weight loss, including Ozempic and Wegovy, may reduce the risk of Alzheimer's disease, a new study published Thursday finds.

Researchers from the Case Western Reserve University School of Medicine in Cleveland, Ohio, looked at three years of electronic records of almost 1 million patients with Type 2 diabetes, including those prescribed semaglutide.

Semaglutide falls under a class of medications known as glucagon-like peptide-1 receptor agonists, or GLP-1s, which mimic the GLP-1 hormone that is produced in the gut after eating.

It can help produce more insulin, which reduces blood sugar and therefore helps control Type 2 diabetes. It can also interact with the brain and signal a person to feel full, which -- when coupled with diet and exercise -- can help reduce weight in those who are overweight or obese.

The team found that compared to seven other anti-diabetic drugs, semaglutide helped significantly lower the risk for Alzheimer's disease, including other types of GLP-1s.

Semaglutide was associated with a 70% reduced risk when compared with insulin and 40% reduced risk when compared with other GLP-1 drugs, according to the study.

Women experienced an even lower risk for Alzheimer's with semaglutide when compared to men, at about 80% compared to 50%, respectively.

However, women in the study were younger and more likely to have obesity or depression. They were also less likely to have heart disease, which may have led to their lower risk.

About 120,000 Americans die from Alzheimer's disease in the U.S. each year, and it is currently the seventh-leading cause of death nationally, according to the Centers for Disease Control and Prevention.

While getting Type 2 diabetes under control may already lower the risk for Alzheimer's disease, there may be additional dementia risk reduction for semaglutide, according to Rong Xu, lead researcher and professor of biomedical informatics at Case Western.

Semaglutide is considered to be "the most potent of the GLP-1s being that it has the greatest effect at hitting the receptor," and, of the GLP-1s, it also produces the greatest weight loss, said Dr. Louis Aronne, the director of the Comprehensive Weight Control Center at Weill-Cornell Medical Center.

The greater potency of semaglutide may be why it has a stronger protective effect against Alzheimer’s.

Xu told ABC News that although there is no cure for Alzheimer's disease, there are several risk factors including Type 2 diabetes and obesity that may be controlled.

"If we can address those risk factors, then we can prevent Alzheimer's disease," she said. "So, for semaglutide, there's some preclinical evidence showing that this medication has neuro-protective effects and is also anti-inflammation, which can address a lot of risk factors associated with Alzheimer's disease."

This means GLP-1 medications may not only lower blood sugar to reduce the risk for Alzheimer's disease, but they may also play a role in reducing neuro-inflammation.

“GLP-1 receptor agonists mitigate neuroinflammation, they mitigate oxidative stress, [and] they mitigate a number of things which occur systemically but also in the brain,” Nigel Greig, principal investigator at the National Institute on Aging, told ABC News.

However, the exact mechanism behind how GLP-1 medications reduce Alzheimer's risk is unknown so more research is needed, according to Xu.

This is only [an] association, we cannot prove causality," Xu said. "So, it's not recommended to say people prescribed this medication can treat or prevent Alzheimer's disease."

"But this study can help people who already have Type 2 diabetes or obesity and are high risk for Alzheimer's disease, it maybe can provide some evidence for medication selection," she added.

For future research, Xu said she wants to examine if semaglutide can also lower the risk of other neurodegenerative diseases, including Parkinson's disease and Lewy body dementia.

“GLP-1s provide benefit over and above weight loss alone. We are just beginning to understand the benefits of these drugs beyond weight loss alone,” said Aronne.

Itohan Omorodion, MD, MPH, is an internal medicine resident at George Washington University Hospital and a member of the ABC News Medical Unit.

Copyright © 2024, ABC Audio. All rights reserved.

Delta-8 hemp and Texas medical marijuana industries face off in upcoming session

AUSTIN (AP) – A potential showdown is brewing between the medical cannabis market and the hemp industry in Texas as both are looking to lawmakers to determine the future.

States like Colorado and California, where both medical and recreational marijuana are legal, are putting tighter restrictions on hemp products as a way to rein in access and force more health and safety accountability on the industry.

After his 2019 agricultural hemp legislation helped open up Texas’s hemp industry, state Sen. Charles Perry is now attempting to close it again, as legal weed-style products were never his intention. He suggested an outright ban on the consumable hemp market last week during a State Affairs Committee hearing.

“’If you can’t regulate it, control it, and enforce it, you just don’t allow it to happen,” Perry said.

Perry and other lawmakers have been particularly interested in regulating consumable THC products that can come in drink form. This makes it much more difficult for parents, teachers, law enforcement, and others to tell the difference between a regular drink and one that has been infused with THC.

Lt. Gov. Dan Patrick gave senators a list of legislative directives for the next session, and a prime target is a ban on delta-8 products. He suggested to lawmakers that the state examine the sales of intoxicating hemp products in Texas, make recommendations to regulate the sale of these products, and propose legislation to stop retailers who market these products to children.

The Texas Department of State Health Services also filed a case before the state’s Supreme Court in August to classify delta-8 as an illegal substance. While the case is pending, delta-8 is still legal to buy and sell.

The Texas hemp industry has argued in court that delta-8’s high is minimal, and if delta-8 and delta-9 products are banned, it would do irreparable harm to the industry and the state’s economy.

“Any bans or excessive legislation of hemp-derived cannabinoids, as suggested by Lt. Gov. Dan Patrick and others, will negatively impact an industry that has an $8 billion economic impact, pays $1.6 billion in annual wages, and supports more than 50,000 workers,” said Lukas Gilkey, CEO and co-founder of Hometown Hero, the company who filed a suit against the state and is defending the hemp industry in the state’s Supreme Court.

City of Tyler approves $4.4M contract to improve drainage

City of Tyler approves .4M contract to improve drainageTYLER — The City of Tyler approved a $4,429,876 Capital Improvement Project on Wednesday to address drainage and erosion. According to our news partner KETK, the city says the project will focus on improving drainage on Keaton Avenue which they say “has been a focus for several years due to erosion and flooding residents have experienced.” The contract with Reynolds and Kay was approved on Wednesday.

“The project will focus on a drainage area that collects storm water from approximately 248 acres near Pollard Park and extends towards Donnybrook Avenue and East Southeast Loop 323. Storm water is precipitation that does not seep into the ground but runs off into our storm drain systems, where it eventually flows into our streams and lakes,” the City of Tyler said.

The project is being funded by the American Rescue Plan Act and is expected to be completed by the end of 2025.

Tyler approves $4.4M contract to improve drainage

City of Tyler approves .4M contract to improve drainageTYLER – The City of Tyler approved a $4,429,876 Capital Improvement Project on Wednesday to address drainage and erosion. According to our news partner KETK, the project will focus on improving drainage on Keaton Avenue which they say “has been a focus for several years due to erosion and flooding residents have experienced.” The contract with Reynolds and Kay was approved on Wednesday.

“The project will focus on a drainage area that collects stormwater from approximately 248 acres near Pollard Park and extends towards Donnybrook Avenue and East Southeast Loop 323. Stormwater is precipitation that does not seep into the ground but runs off into our storm drain systems, where it eventually flows into our streams and lakes,” the City of Tyler said. Continue reading Tyler approves $4.4M contract to improve drainage

Longview food bank receives $50k donation

Longview food bank receives k donationGREGG COUNTY — The East Texas Food Bank in Longview got a $50,000 donation Wednesday morning. According to our news partner KETK, Atmos Energy provided $2 million to food banks for Hunger Action Month in September, with East Texas getting a part of the goods. The ETFB said the money will go a long way by providing 250,000 meals to people in five local counties.

“Hunger takes a community to really solve,” ETFB Chief Development Officer Tim Butler said. “One in six East Texans are food insecure. That includes one in four children. So it’s more than just the East Texas Food Bank trying to solve it themselves; partners like Atmos Energy really are the ones that are going to help turn the tide and solve this problem going forward.”

ETFB’s Longview Resource Center served 6,600 families with more than 1.1 million meals last year. Continue reading Longview food bank receives $50k donation

Dogs seized in alleged dog-fighting ring evaluated by specialist

Dogs seized in alleged dog-fighting ring evaluated by specialist

UPDATE: SMITH COUNTY – Our KETK news partner reports that the Smith County Animal Control and Shelter has given an update on the 55 dogs seized in an alleged dogfighting ring.

On Sept. 9, Kerry Jones and Michael Jones were arrested after a call came in of wounded dogs found near a residence on CR 4136. During an investigation of the property, officials reported finding the 55 dogs, some in bad conditions.

The two cats and all 17 bully dogs have already been picked up by rescues. However, Rivera found that 11 of the dogs she evaluated were “not safe candidates for going into home environments.” These dogs were reportedly trained to fight, making them unsafe to be around other dogs and people, and are described as having a mentality to fight.

These 11 dogs will have to euthanized and Smith County officials reported that two of the dogs have already bitten staff members and tried to go after other dogs.
Continue reading Dogs seized in alleged dog-fighting ring evaluated by specialist

Two men arrested for copper theft

Two men arrested for copper theftCHEROKEE COUNTY – Two Jacksonville men were arrested on Sunday for copper theft after leading authorities and dogs on a chase through the woods. According to our news partner KETK, the Cherokee County Sheriff’s Department were called to CR 3212 at a salt water plant about a theft. When deputies arrived, they reportedly noticed two people running into the woods.

Dogs were called out to help track the individuals. After a nine-mile track back toward Jacksonville, the pair were found on top of a deer stand trying to hide. The suspects were identified as 40-year-old Anthony Henderson and 33-year-old Brandon Alford, both of Jacksonville. Henderson and Alford were arrested and charged with theft of materials (copper) and evading arrest.

Bad state data may misdirect nearly $1 billion in federal funds to replace lead pipes

ST. LOUIS (AP) — The Environmental Protection Agency is at risk of misallocating nearly $1 billion in lead pipe replacement funding to the wrong states because it didn’t verify inaccurate data provided by Texas and Florida, an agency watchdog announced.

It’s possible that the EPA can avoid much of the misallocation and can recover some funds that already went where they shouldn’t have, the EPA’s Office of Inspector General said. But the errors mean some states with the biggest needs may have to wait longer for funds — or will get less than they should have, the OIG said in a report this week.

The EPA disputed the watchdog’s conclusions, saying it tried to balance evolving information on lead service lines in each state with the need to quickly allocate money from the Bipartisan Infrastructure Law. Officials promised to review future allocations for Texas and Florida.

At issue is a first-of-its-kind EPA survey that asked local officials to estimate the number of lead pipes in their state. Some states with long industrial legacies like Illinois and Michigan have far more than others. The bipartisan infrastructure law provided $15 billion to find and replace lead pipes. The survey was to ensure states with more pipes got more money.

But the EPA didn’t verify what states told them and there were glaring problems with the numbers provided by Texas and Florida, according to the inspector general. For example, a single data entry error by Houston caused the EPA to allocate nearly $120 million more to Texas than it probably should have in fiscal year 2023, the report said. When Houston told Texas officials about the mistake, the state didn’t inform the EPA, the report said.

“Florida seriously screwed up and Texas was obstinate,” said Tom Neltner, national director of the lead policy nonprofit Unleaded Kids.

The findings were released just weeks after the Biden administration finalized an ambitious rule mandating that most cities remove their lead pipes within a decade, highlighting how difficult that effort will be. Lead harms brain development in children and increases blood pressure in adults and the agency estimates it will cost $50-$80 billion to replace the country’s roughly 9 million lead pipes. Federal funds are vital for ensuring the cost doesn’t fall too heavily on homeowners.

“We have warned the EPA repeatedly about the real and significant consequences of using unreliable data. The Agency needs to fix these systemic flaws before more taxpayer dollars are misdirected,” said EPA Inspector General Sean W. O’Donnell.

O’Donnell’s office wants the agency to develop methods to verify state data. EPA says the OIG misunderstood the point of its survey and wants to focus on addressing the questionable Florida and Texas data and allocations. It’s considering what to provide to those states going forward.

Texas did not return a request for comment. The OIG provided an initial report on the problem in May. At that time, Florida said the EPA estimate for the state was premature and too high. They blamed the EPA for a flawed calculation. Florida officials did not respond this week to AP’s questions about the inspector general’s report.

The EPA survey was important because many water providers don’t know how many lead pipes they have or where they are. Before the survey, lead funding levels weren’t linked to how many pipes a state had. Accurate inventories are expensive and time-consuming so the agency relied on states to provide their best judgment so it could quickly distribute federal funds based more closely on each state’s needs.

“This agency effort redirected hundreds of millions of dollars to areas of the country with higher need for lead service line replacement,” the agency said.

The EPA also gave states a chance to update faulty data, and funds that aren’t used by states eventually are reallocated to places that can use it.

When the EPA initially released state results, however, some experts immediately raised questions about some, including Florida’s, because they differed widely from prior industry and nonprofit estimates. In 2023, Florida received the highest allocation in the country, Texas the fifth most.

The inspector general said that skepticism was warranted. The report said Florida used an estimation method that inflated its lead pipe count and inconsistently applied that methodology. The watchdog also talked directly to eight water providers that accounted for about 40% of the state’s total number of reported lead pipes. Four showed the OIG that they reported no known lead pipes.

“None of their responses matched the (lead pipe) data that the state submitted to EPA,” the report said, adding that one anonymous water system manager told the inspector general’s office that the data the state submitted for their system “made absolutely no sense.”

The EPA tried to collect better data from Florida, but state officials didn’t update their submission when given the chance. Florida was awarded its full amount — $254.79 million – for 2023, the report said. Its allotment was reduced to $228.68 million the following year — a high amount the inspector general also called into question.

“Flaws in Florida’s (lead pipe) data carry significant financial implications for other states,” the report said.

Neltner said it matters if Florida, a state with few lead pipes, spends a lot on searching for them when other states with documented problems desperately need money to get lead out of the ground now.

Even after the EPA allocates money, there’s time to correct problems. It is unclear how much Texas actually received in 2023, Neltner said. The following year, Texas was given the minimum. That meant that others states like Minnesota and New Jersey received more money.

Tesla posts surprise $2.17 billion third-quarter profit, up 17.3% from a year ago

DETROIT (AP) — Tesla’s third-quarter net income rose 17.3% compared with a year ago as its electric vehicle sales rose.

The Austin, Texas, company said Wednesday that it made $2.17 billion from July through September, more than the $1.85 billion profit it posted in the same period of 2023.

The profit came despite price cuts and low-interest financing that helped boost sales of the company’s aging vehicle lineup. It was the company’s first year-over-year quarterly profit increase of 2024.

Revenue in the quarter rose 7.8% to $25.18 billion, falling short of Wall Street analysts who estimated it at $25.47 billion, according to FactSet. Excluding one time items, Tesla made 72 cents per share, beating analyst expectations of 59 cents.

Shares in Tesla Inc. soared almost 9% in trading after Wednesday’s closing bell.

Earlier this month Tesla said it sold 462,890 vehicles from July through September, up 6.4% from a year ago and the first quarterly increase of 2024. The sales numbers were better than analysts had expected.

Even with sales drops in the first two quarters, Tesla said in its letter to shareholders that it expects slight growth in vehicle deliveries for the full year despite “ongoing macroeconomic conditions,” mainly high interest rates. Last year the company sold 1.8 million EVs worldwide.

The letter said that Tesla is on track to start production of new vehicles, including more affordable models, in the first half of next year, something investors had been looking for. The new vehicles will use parts from its current models and will be made on the same assembly lines as Tesla’s current model lineup, the letter said.

The new vehicles were not identified. CEO Elon Musk has said the company is working on a car that will cost about $25,000 as well as a purpose-built robotaxi.

By using parts from existing models and the current manufacturing system, Tesla won’t reach cost reductions that it previously expected. But the company said this method should enable more than 50% growth over 2023 production.

Tesla said it reduced the cost of goods per vehicle to its lowest level yet, about $35,100. “Despite sustained macroeconomic headwinds and others pulling back on EV investments, we remain focused on expanding our vehicle and energy product lineup, reducing costs and making critical investments in (artificial intelligence) projects and production capacity,” the letter said.

The company’s widely watched gross profit margin, the percentage of revenue it gets to keep after expenses, rose to 19.8%, the highest in a year, but still smaller than the peak of 29.1% in the first quarter of 2022.

During the quarter, Tesla’s revenue from regulatory credits purchased by other automakers who can’t meet government emissions targets hit $739 million, the second highest quarter in company history.