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The secret to Tesla’s earnings comeback is energy.
Tesla exceeded expectations by delivering a great third quarter earnings report, but selling more cars wasn’t the reason. As noticed by Sherwood, the real winner was the company’s home energy and storage business, which spiked by nearly 50 percent year over year. And it was significantly more profitable too, with gross margins nearly double that for its automotive business. Maybe Tesla should double down on renewable energy, and not robots?
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