Tesla’s New Focus Isn’t on Cars, But on ‘Sustainable Abundance.’ What Does That Mean for TSLA Stock and Buy-and-Hold Investors?
Tesla’s latest earnings report, released Oct. 22, revealed a 12% revenue rise in the third quarter. The total reached 1.7 billion. This improvement came after two straight quarters of decline, signaling a speedy recovery. Automotive revenue moved up 6% to $21.2 billion, driven by solid demand for Model Y and notable delivery growth across Greater China, APAC, North America, and EMEA.The value placed on Tesla easily eclipses industry standards with a market capit ...