3 Make-or-Break Items From Tesla to Note From Yesterday's Earnings Report

Group 1 - Tesla's third-quarter earnings report showed a 12% year-over-year increase in revenue, but investors reacted negatively to the underlying figures [1][3] - Automotive revenue rose 6% to $21.2 billion, with vehicle deliveries increasing by 9% to 481,166, but concerns arose due to the expiration of the $7,500 federal EV tax credit [3][4] - The Model 3 and Model Y accounted for 96.7% of Tesla's sales, while other models, including the Cybertruck, saw a 30% decline in deliveries, totaling only 15,933 [5][6] Group 2 - Tesla's operating expenses surged by 50% year-over-year to $3.43 billion, leading to a drop in operating margin from 10.8% to 5.8% [8] - Despite total revenues reaching $28.09 billion, gross profits only increased by 1%, attributed to rising costs, reduced regulatory credit income, and declining vehicle prices [8]