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flag Tesla reports a 17.3% Q3 profit increase, but projects a profit decline among tech competitors.

flag Tesla's recent earnings report indicates a surprising third-quarter profit of $2.17 billion, a 17.3% increase from the previous year. flag However, the company is projected to lag behind its competitors in the tech industry, as it is the only member of the "Magnificent Seven" expected to experience a profit decline this quarter. flag This suggests ongoing challenges for Tesla in maintaining its competitive edge among high-tech rivals.

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