Post
ainii94
#TeslaQ3MarginRecovery
Tesla's Q3 revenue was $28.05 billion, roughly the same as last year; automotive gross margin returned to 18.1%, and free cash flow turned positive at $1.53 billion, whereas previously many expected it to be negative.
However, the stock price fell 3% after hours. I think the reason is simple: the good news is "saved" money, not "earned" money.
The positive cash flow mainly comes from spending less in Q3—capital expenditures were over 3 billion less than expected.
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