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Further, Tesla’s cost per vehicle in Shanghai hit record lows, implying strong manufacturing efficiencies. Interestingly, regulatory credits revenue declined 177% quarter-over-quarter, yet Tesla still posted robust profits, showing that real business momentum is driving growth—not regulatory incentives.
Revenue Growth and Market Positioning
Tesla’s third-quarter revenues outperformed expectations, with growth surpassing previous years. The long-awaited Megapack factory in Shanghai is ahead of schedule, now shipping units rather than just producing, which indicates rapid progress in energy storage deployments. Elon Musk's guidance suggests over 515,000 deliveries and further expansion in energy capacity.