Tesla's Q3 Earnings Showcase Its Competitive Strengths

Tesla (NASDAQ: TSLA) stock undoubtedly commands a premium valuation. Whether that valuation is fairly earned or not, it's hard to deny that investors feel Tesla's business is firing on all cylinders. Last week, the electric vehicle maker reported impressive third-quarter results: Revenue soared 58% year over year to $12.1 billion, operating cash flow jumped 31% to $3.1 billion, and net income came in at $1.6 billion, marking Tesla's ninth consecutive quarter of GAAP profitability.