Tesla has reported an increase in net profit for the first time in three quarters, partly due to a recovery in electric-vehicle demand in China.
The US company said the figure rose 16.9 percent in the July-to-September quarter from the same period last year, coming in at nearly 2.2 billion dollars.
Total revenues increased about 8 percent to 25.1 billion dollars.
The company said higher sales of EVs in China and at energy-related businesses pushed up both profit and total revenues.
Tesla is involved in power generation and storage.
Income from operations jumped 54 percent, as the company cut vehicle-production costs.
Chief Executive Officer Elon Musk said Tesla will roll out new car models, including low-priced ones, in the first half of 2025.
He predicted that EV sales will grow 20 to 30 percent next year.