Wall Street expected Musk's Tesla to burn $4.9 BILLION in cash, but it generated $1.53 BILLION. That's Tesla's Q3 free cash flow, against an analyst estimate of negative $4.92 BILLION, per LSEG. Adjusted EPS also beat, at 48 cents vs 43 cents expected. Tesla's quarter in numbers: 1. Revenue: $28.05 BILLION, flat from a year ago 2. Operating profit: $718 MILLION, down 56% from a year ago 3. Gross margin: 19.6%, up from 18.0% a year ago 4. Active FSD subscriptions: 1.74 MILLION, up 67% from a year ago Optimus production has also begun in Fremont, per Tesla. Meanwhile, SpaceX made $2.79 BILLION in operating profit last quarter, nearly 4x Tesla's. Musk has called merging the two companies a "good idea."