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Tesla’s Q3 earnings reveal an important shift beyond vehicle sales.
While net profit dropped 43%, its energy storage business deployed 13.7 GWh and achieved a 33.1% gross margin. Free cash flow also turned positive at $1.53B.
Meanwhile, over 1.7 million customers are paying for FSD, as Tesla continues developing Robotaxi and Cybercab.
The question is whether these businesses can become major growth drivers as EV competition intensifies.
Will Tesla (TSLA) close higher on the first full trading day after its earnings release?-5.26%
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