The electric vehicle maker reported stronger-than-expected third-quarter earnings and revenue, with significant margin improvements and a positive adjusted gross profit. Production is ramping up, and the company has a substantial liquidity runway. However, it lowered its full-year delivery outlook due to softer demand for its R1 vehicles and tough market conditions. A prominent analyst raised its price target, citing optimism about software economics. The company also announced the spin-off of its AI unit, Mind Robotics, generating additional investor interest.