Hey everybody Rob Maower here and today we are going through Tesla's Q3 earnings report results.

They just released these numbers about five minutes ago.

I've got them in my spreadsheet.

We're gonna go through some of the shareholder letter takeaways as well,

but I am trying to get this out before Tesla's earnings call,

which I do plan on live streaming and providing some

commentary afterward. So let's dig right into the numbers here and again we're

going to go through this super quickly with no editing. All right, so for deliveries we can see that Tesla delivered just a little bit more than what they had previously reported, which was 139,300.

They delivered about 300 more vehicles, so not a big deal there there but does help a little bit.

In terms of revenues, Tesla really crushed it on this line from a couple of different factors.

The first was from automotive sales.

So if we see compared to my forecast and compared to the company

compiled estimates, Tesla beat here by about $200 million, about half of which was

driven by regulatory credit sales. So Tesla reported regulatory

credit sales of $397 million versus last quarters,

428 million and Q1's $154 million, but compared to the analyst forecast of about 238 million and my higher

forecast of 300 million. So we talked about that on the preview episode. I was expecting a little bit

higher results from Tesla, but not quite this high.

That means that Tesla has already actually almost doubled their regulatory credit revenue from last year.

So as we talked about on the forecasting episode, I do think that Zach Kirkhorn, the CFO, was being a little bit conservative when he gave that guidance.

So Tesla beating both on the pure regulatory credit removed automotive sales line and with those regulatory

credit sales driving that about $200 million beat on auto revenue there.

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