Tesla’s Global Expansion Is Paying Off

Tesla surprised the market last week with an unexpected profit for the third quarter, but a filing to the SEC on Tuesday showed that the electric vehicle (EV) maker saw its sales revenues on its biggest market, the United States, plunged by nearly 40 percent in Q3. According to Tesla’s filing, the company’s revenues in the United States fell to US$3.127 billion for the third quarter, down from US$5.133 billion for the same period last year. Revenues in China—where the company is building its first Gigafactory outside the U.S.…