Actually about a $2B YoY quarterly revenue drop, well below WS expectations. I alluded to it earlier, but it's weird there wasn't more margin erosion and they still squeezed out a net profit. IMHO that doesn't add up, and it feels more like financial engineering.
The emissions credits exceeded the net profit; without the credits, they lost money.
The funny thing about the stock rallying after hours is the notion that Elon leaving DOGE is good for Tesla. Are people expecting 2015 Elon to return? He's been a part-time CEO for several years already. If the corrupt board never fires his ass, it's far from certain a motivated Musk is even good for Tesla.