Elon Musk serves us another surprise with Tesla's booming profits and optimistic forecasts – just the jolt the stock market needed! 🚀
In a move that left Wall Street buzzing, Tesla CEO Elon Musk revealed that the electric vehicle titan is expecting an impressive 20 to 30 percent vehicle growth next year! This prediction sent Tesla shares soaring by a whopping 12 percent, showcasing the optimism surrounding the company’s potential. Tesla's recent third-quarter report showed earnings of $2.2 billion (S$2.9 billion), up 17 percent from last year, making investors cheer like they just saw a robot dance at a tech expo.
While skeptics were bracing for a bumpy ride after two sluggish quarters, Musk's proclamation last Wednesday (Oct 23) served as a powerful adrenaline shot for Tesla’s stock. This unexpected leap in share price revealed that despite prior bumps in the road, Musk's magic touch with numbers still captivates investors. The third-quarter earnings report wasn’t merely a mixed bag; it highlighted Tesla's strategic maneuvering in cutting car production costs—turning potential losses into profits and speeding up revenues to an impressive $25.18 billion.
It seems that optimistic forecasts aren’t just Musk’s favorite pastime; they’ve become a staple diet for Tesla's investors. With earnings per share exceeding expectations, it’s clear that the electric vehicle market is still riding the high-voltage wave. Even amidst global economic challenges and competition, Tesla's unique brand and its innovative approaches keep it on the frontlines of the EV revolution.
But wait, there’s more! With soaring shares and ambitious growth plans, did you know that Tesla now hopes to dominate not just the roads but also the skies? Musk’s plans extend beyond automobiles, dabbling in solar energy and ambitious space projects. Plus, here’s a fun fact: Tesla's Gigafactory in Shanghai is the largest electric vehicle factory in the world, capable of churning out 500,000 cars a year! Clearly, Tesla is not just electrifying roads; they aim to electrify the future!
TESLA CEO Elon Musk said on Wednesday (Oct 23) that he expects 20 to 30 per cent vehicle growth next year, sending the company's shares up 11 per cent in ...
Third-quarter earnings rose 17 per cent year on year to US$2.2 billion (S$2.9 billion). Read more at straitstimes.com.
After two slow quarters, Elon Musk's electric-vehicle maker reports higher-than-expected earnings per share.
Tesla's upbeat earnings and bullish forecast propel shares 12% higher · Limited time offer · Save 40% on Standard Digital · Explore more offers. · Explore our full ...
Tesla Wednesday reported an unexpected improvement in earnings for the third quarter, lifting its recently battered shares in after-hours trading.
Tesla reported better-than-expected profit in its third-quarter earnings report on Wednesday.
Tesla delivered stronger third-quarter profits than Wall Street expected Wednesday, as Elon Musk's electric vehicle maker reported its first year-over-year ...
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 ...
(Bloomberg) -- Tesla Inc.'s shares surged after the carmaker reported surprisingly strong earnings and forecast as much as 30% growth in vehicle sales next ...
Texas-based company reports $2.2bn profit for July to September, after back-to-back disappointing quarters.
Tesla's stock jumped nearly 17% on Thursday, a day after it forecast surging car sales growth, reassuring investors that CEO Elon Musk was still looking to ...
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 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 ...
Tesla Inc's stock shot up nearly 12 percent in pre-market trade yesterday, a day after it forecast surging car sales growth, reassuring investors that CEO ...
(Bloomberg) -- Tesla Inc.'s shares surged after the carmaker reported surprisingly strong earnings and forecast as much as 30% growth in vehicle sales next ...
Tesla stock (NASDAQ:TSLA) posted a better-than-expected set of Q3 2024 earnings. Revenue for the quarter rose 8% year-over-year to $25.18 billion a year ...
Tesla stock surged on Thursday after mixed third quarter earnings results after the bell on Wednesday.
Although its vehicles are yielding more profit, most of the $750bn carmaker's value hangs on things that are yet to exist.
Car company sees biggest single-day stock gain since 2013 as CEO Elon Musk forecasts up to 30% in sales growth.
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Tesla said its third-quarter net profit rose 17 per cent from a year earlier to US$2.17 billion.
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JAPANESE shares fell but Chinese markets gained in a disjointed start to Asian trade on Friday, after Wall Street cheered strong results from electric car ...
Tesla added $150 billion in market cap — more than the combined value of Ford, GM and Stellantis — as analysts cheered the growth forecast and increasing ...
Tesla's surprisingly solid results and high-flying sales forecast are lifting hopes for a strong earnings season.
Tesla Inc. shares rose 19% following earnings report, with the company forecasting a 30% increase in car sales for next year.
Tesla shares soared 22% Thursday, the stock's best day in 11 years, following its better-than-expected third-quarter earnings.
The gain brought the fortune of the world's richest person to US$270.3 billion. Read more at straitstimes.com.