营收反弹，利润大幅下滑超三成，特斯拉盘后下挫超3%

Core Insights - Tesla reported third-quarter revenue of $28.1 billion, a 12% year-over-year increase, ending a two-quarter decline, surpassing market expectations of $26.37 billion [1] - The automotive segment revenue grew from $20 billion in the same quarter last year to $21.2 billion, reflecting a 6% increase [1] - The company delivered a record 497,099 vehicles in the third quarter, with total vehicle production at 447,450 [2] Financial Performance - Net profit for the third quarter decreased by 37% year-over-year, dropping from $2.17 billion (or $0.62 per share) to $1.37 billion (or $0.39 per share) [2] - Automotive regulatory credit revenue fell from $739 million to $417 million, a decline of 44% year-over-year [2] Market Dynamics - The expiration of the U.S. federal electric vehicle tax credit led to a surge in vehicle purchases before the deadline, impacting sales timing [2] - Tesla introduced lower-cost "Standard" versions of the Model Y and Model 3 to make products more affordable post-tax credit expiration [3] - Analysts predict an 8.5% decline in Tesla's vehicle deliveries by 2025 due to the tax credit expiration, reliance on older models, and increased competition [3] Future Outlook - Tesla did not provide specific sales targets for future demand but plans to start mass production of Cybercab, Semi, and Megapack 3 by 2026 [3] - The energy production and storage segment saw a 44% year-over-year revenue increase, reaching $3.42 billion [3] - The company is building the first production line for its humanoid robot, Optimus, reflecting a strategic shift towards automation and AI [4]