[Azure]

Wall Street was expecting revenue of about $8.2 billion for the quarter and a gain of $0.55 per share.

Tesla managed to destroy expectations with $8.7 billion in revenue and a gain of $0.76 per share (Non-GAAP).

“The third quarter of 2020 was a record quarter on many levels. Over the past four quarters, we generated over $1.9B of free cash flow while spending $2.4B on new production capacity, service centers, Supercharging locations and other capital investments. While we took additional SBC expense in Q3, our GAAP operating margin reached 9.2%”

“For the trailing 12 months, we achieved an operating margin of 6.3%. We expect our operating margin will continue to grow over time, ultimately reaching industry-leading levels with capacity expansion and localization plans underway.”

Also $327 million in revenue from regulatory credits, a number that is expected to keep growing.

The automaker ended the quarter with a new record of $14.5 billion cash position in the bank.

https://electrek.co/2020/10/21/tesla...-2020-results/