The company has "significantly" improved how much time it takes to install its energy products, according to its investor letter. Despite media attention focusing mostly on sales of Tesla's Model 3 car, the company's performance in both solar energy and electricity storage contributed significantly to its $312m Q3 net income. Tesla reported a profit of $489m, or $1.08 per share, compared with $415m, or $0.78 per share last year. The company also added 239 MWh of battery storage, up 18% QoQ and 118% YoY.
Despite media attention focusing mostly on sales of Tesla's Model 3 car, the company's performance in both solar energy and electricity storage contributed significantly to its $312m Q3 net income. Tesla reported a profit of $489m, or $1.08 per share, compared with $415m, or $0.78 per share last year. The company also added 239 MWh of battery storage, up 18% QoQ and 118% YoY.