Tesla Marks Best Day in a Decade with Strong Q3 Performance

Tesla Inc. has witnessed its best trading day in over a decade, largely due to strong performance in its automotive division during the third quarter of the financial year. Analysts highlight that automotive sales accounted for approximately 79% of the company's revenue, underscoring Tesla's position as a car company, despite CEO Elon Musk's marketing of the brand as an AI and robotics firm. According to Julie Hyman from Yahoo Finance, the automotive gross margins exceeded expectations. Musk has projected a growth of 20–30% for the coming year. Investigative analysts suggest that this upswing may indicate a transformative phase for Tesla, drawing parallels to past strategies that transitioned the focus from low-volume to high-volume production, especially with the Model 3 rollout in Shanghai. While energy generation and storage currently represent about 10% of revenues, experts value Tesla for its future potential rather than its present stature. Insights from William Blair reinforce the belief that Tesla is likely to transform its energy segment significantly in the near future, suggesting bright prospects for both automotive and renewable energy markets.