Tesla (TSLA) surprised Wall Street yesterday (Oct. 23) with a strong third-quarter earnings report amid a tough market for the electric vehicle industry. The Elon Musk-helmed carmaker saw its revenue jump 8 percent year over year to $25 billion between July and September, while its net income rose by 17 percent to $2.2 billion.

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Besides a 2 percent rise in automotive revenue, the company’s sales were largely bolstered by a 52 percent increase in its energy generation and storage business and a 29 percent rise in other services like its supercharging network. Tesla’s profits were........

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