Tesla's third-quarter 2023 earnings report showed their quarterly revenue increased 9% to $23.35 billion, while gross profit margin fell to 17.9%.

Additionally, Tesla still holds 9,720 bitcoins, worth about $275.6 million, meaning its holdings have not changed for five consecutive quarters. Tesla still has the third largest Bitcoin holdings for a public company.

Other highlights include:

⚫Tesla aims to increase production as quickly as possible in line with its 50% CAGR target.

⚫Tesla has sufficient liquidity to fund its product roadmap, long-term capacity expansion plans and other spending

⚫Tesla will continue to innovate to reduce production costs, but Tesla also expects profits to increase thanks to AI and software-related advantages

⚫Cybertruck delivery is scheduled for November 30, 2023.