Tesla Q3 Earnings in 6 Must-See Metrics

October 24, 2021

The electric-car maker's blazing growth continued during the period. Here's a closer look at the important takeaways from the quarter.

Model Y. Image source: Tesla.

Key Points

  • Tesla’s earnings soared on the heels of a 73% year-over-year increase in vehicle deliveries.
  • The automaker’s profitability is benefiting from improved efficiencies at higher volumes.
  • Tesla is building a new energy-storage factory that will dwarf its previous production capacity for Megapacks.
Expectations were high going into Tesla‘s third-quarter earnings release — and the company didn’t disappoint. Revenue and earnings per share both came in above analysts’ average forecasts, setting records for the company.

Here’s a closer look at Tesla’s top- and bottom-line performance, the key drivers behind those metrics, and some other important takeaways from the electric-car maker‘s third-quarter update on Wednesday afternoon.

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