Tesla's profits have declined for two consecutive quarters, but free cash flow has not turned negative

Tesla's financial report shows that net profit in the third quarter fell from 1.4 billion dollars in the same period last year to 787 million dollars, a decrease of about 44%. Revenue was 28 billion dollars, roughly flat compared to the same period last year. Tesla's free cash flow in the third quarter was a positive 1.53 billion dollars, while market expectations were a negative 4.921 billion dollars.