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Tesla's profit fell 43%, yet it still beat expectations. Which signal would you judge the company by?

Tesla's Q3 revenue was $28.05 billion (expected: 27.9), earnings per share $0.48 (expected: 0.43). Meanwhile profit fell 43% and the energy storage business weakened too.

  • The revenue and earnings beat matter more
  • The 43% profit drop matters more
  • The weakening energy storage worries me most
  • You can't judge a company on one quarter