$TSLA Q3 EARNINGS (Patreon)

Tesla delivered a mixed but fundamentally strong quarter, with record revenue highlighting robust demand amid expiring U.S. EV tax credits, but profitability took a hit from elevated costs and investments in AI/autonomy.

$TSLA Q3 EARNINGS

• Sales $28.1B vs Est. $26.4B

• EPS $0.50 vs Est. $0.54

• Gross Margin 18% vs Est. 17%

• Operating Income $1.62B vs Est. $1.65B

• FCF $4BN now have $41.8bn cash pile. As Bezos says "Our ultimate financial measure, and the one we most want to drive over the long-term, is free cash flow!"

My $500 hedge still in place - stock down $6 in after hours.