After a rocky first half of the year, Tesla enjoyed a much healthier third quarter in 2024. As we learned earlier this month, it arrested a slide in sales, delivering 6 percent more electric vehicles year over year. But the automotive side of the business was essentially flat—Tesla attributes its success to its second-best quarter ever for regulatory credits, as well as making it cheaper to build the cars it sells. Automotive revenues grew by 2 percent to $20 billion for the third quarter, less than the growth in deliveries.