Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage.

• Bull Case- The company stock has gone through massive upside in recent months following the drop, however fundamentals and the market momentum are in the favor of the company, hence customers looking for long term stock may choose to invest in it.

• In the third quarter, Tesla sold 181,883 vehicles in China, up 30.27 percent year-on-year and up 24.67 percent from the second quarter, contributing 39.29 percent of global deliveries.

• Tesla's revenue from its automotive business was $20.02 billion in the third quarter, up about 2 percent year-on-year while down 6.5 percent from the second quarter.

• Revenue earned from the sale of carbon credits was $739 million, up 33.4 percent year-on-year. Revenue from the energy generation and storage business was $2.38 billion, up 52.4 percent year-on-year.

• Tesla reported third-quarter non-GAAP diluted earnings per share (EPS) of $0.72, up 9.1 percent year-on-year and higher than analysts' expectations of $0.60.

• Gross profit for the third quarter was $5 billion, up 19.6 percent year-on-year and up 9.15 percent from the second quarter.

Acrobull UK Recommendation Based on Evaluation