Buckle up! Tesla's stock skyrocketed 12% after a surprising earnings report! Did someone say cheaper cars? 🚗💨
Tesla, the electric car titan, has hit the accelerator on Wall Street with a remarkable jump in its stock price following its third-quarter earnings report, which surprised analysts and investors alike. Just when folks thought they had Tesla all figured out, the company bucked expectations by reporting a 9% increase in quarterly profits. With revenues reaching a hefty $25.18 billion, it seems like Elon Musk continues to drive his electric empire to new heights. Investors couldn’t help but cheer as they watched Tesla shares soar over 12% in after-hours trading, turning heads and dropping jaws across the trading floors.
CEO Elon Musk didn’t just stop at good news; he teased even brighter prospects on the earnings call. Musk boldly announced expectations of a 20-30% volume growth for the next year. While stock traders were scrambling to update their portfolios, Musk added a sprinkle of hope for fans of affordable electric vehicles. The promise of cheaper cars on the horizon has sparked excitement and wonder about what’s next from the automaker known for innovation and, let’s be honest, some eyebrow-raising tweets.
As always, it’s not all sunshine and rainbows in the world of Tesla. Despite the soaring stock prices, Musk shared the unfortunate news that the long-anticipated Tesla Roadster is still delayed with no release date in sight. While fans may be chomping at the bit for this ultimate performance car, Musk urged patience, reflecting the balancing act Tesla performs of trying to save the world and make killer cars all at once.
Tesla’s stock surge comes amidst a mixed bag of results from the broader tech market, where companies have faced various challenges. However, Tesla's positive earnings report paints a solid picture for the electric vehicle sector moving forward. Interesting tidbit: despite the tech market's struggles, Tesla’s latest earnings highlight its ability to weather financial storms, showcasing the brand's resilience and relentless drive for success.
And here’s one last fun fact: the electric vehicle market is expected to see a 20% annual growth through 2026! With Elon Musk steering the Tesla ship, we can only wonder what electrifying innovations are just around the corner. Buckle up, folks; it's going to be an exhilarating ride!
CEO Elon Musk also added on the earnings call that Tesla's volume growth could be 20-30% next year. For the quarter, Tesla reported revenue of $25.18 billion vs ...
Tesla (TSLA) announced a surprise third-quarter earnings gain late Wednesday, with quarterly profit growing 9%, capping off a big month of announcements for ...
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.
Follow live coverage of Tesla's third-quarter financial results, released after the closing bell today, and the stock reaction. Tesla's earnings Q&A call is ...
The automaker also reiterated its promise of cheaper vehicles on the horizon for early next year.
Tesla reported third-quarter earnings that beat analysts' expectations as margins improved, sending shares higher in extended trading Wednesday.
Shares in Tesla rose about 9% afterhours following the electric-car maker's report of a surprise increase in net income on stronger revenue.
The electric vehicle maker CEO urged patience, as Tesla focuses on both saving the world and building cars.
Elon Musk raises a fist in front of the American Flag. Tesla stock surged on Wednesday after close, following a better than expected earnings report. Photo by ...
Tesla's earnings beat Wall Street's estimates for the third quarter. Shares are soaring in after-hours trading. The electric vehicle company reported 72 ...
The company on Oct. 23 reported adjusted earnings of 72 cents per share for the quarter, above the average analyst estimate.
Tesla beat profit estimates for the third quarter, sending the stock up over 12% after hours. Elon Musk discussed FSD, Cybercab, and more on a call.
Tesla stock could offer investors an aggressive entry on earnings as analysts hike TSLA price targets following several financial surprises.
One analyst thinks Tesla was more forthcoming than usual in its earnings report, while another flagged financial progress on key margin metrics.
The world's richest person got much richer Thursday as Tesla CEO Elon Musk enjoyed a major rally for Tesla stock after the electric vehicle company's latest ...
Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Tesla boosted its operating profit margin to the highest level since the first quarter of 2023. The company generated $2.7 billion in free cash flow.
The Tesla CEO forecast a major sales boost for next year, plus a rideshare program launch.
By Emily Bary. One analyst thinks Tesla was more forthcoming than usual in its earnings report, while another flagged financial progress on key margin ...
Tesla posted blowout earnings, surprising the market with widening margins for the first time in more than a year. The new entry-level car that will be ...
Tesla shares are roaring higher a day after the company's third quarter results, which analysts at Wedbush called an “Aaron Judge-like performance.”
Revenue hit $25.2 billion, climbing 8% from last year, while earnings per share jumped to $0.62, topping Wall Street's $0.60 forecast. Elon Musk credited record ...
Tesla's shares soared nearly 21% on Thursday as its forecast of surging sales reassured investors that CEO Elon Musk was still looking to expand the ...
Tesla stock surged on Thursday after mixed third quarter earnings results after the bell on Wednesday.
Tesla shares soared 20% Thursday, putting the stock on pace for its best day in 11 years, following its better-than-expected third-quarter earnings.
As a result the stock was trading higher by 16.8% as of 10:40 a.m. ET. The big move has brought Tesla shares back into the black for the year. Elon Musk stokes ...