Investors could have a better option with GM at a fraction of the valuation of Tesla.General Motors (GM -0.38%) might not be as good as Tesla (TSLA 21.92%) in those areas, but it is trading at a fraction of the valuation of Tesla stock.*Stock prices used were the afternoon prices of Oct. 22, 2024. The video was published on Oct. 24, 2024. ...

Tesla reported blowout earnings this week, but its biggest growth driver wasn't cars or robots.Its energy business grew by over 50% year over year, earning Tesla over $7 billion in revenue so far in 2024.Elon Musk said on Tesla's earnings call that the energy unit is "growing like wildfire." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your ...

Investors could see a second straight day of an opening in the green on Wall Street as the index futures point to a positive start on Friday. Treasury yields started cooling again after scaling three-month highs.While Friday is a little light on the earnings side, consumer sentiment data and a speech by Boston Fed President Susan Collins could set the tone for the markets for the last day of the week.All three major indices could close in the red for this week after surging for six consecutive weeks.Futures ...

As of the close here on Thursday, Tesla (NASDAQ: TSLA ) shares are up almost 22% yesterday as a result of the strong Q3 results by the now dominant EVThis account is managed by Noah's Arc Capital Management. Our goal is provide Wall Street level insights to main street investors. Our research focus is mainly on 20th century stocks (old economy) undergoing a 21st century transformation, but occasionally we'll write on companies that help transform 20th century firms as well. We look for innovations in a busi ...

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the “Greed” zone on Thursday.U.S. stocks settled mixed on Thursday, with the S&P 500 recording its first positive session in a week.Tesla Inc. TSLA was the top-performing stock in the index. Shares of the company jumped around 22% on Thursday after reporting stronger-than-expected third-quarter earnings. International Business Machines Corp. IBM shares fell 6.2% following a third-quarter rev ...

Investment Rating - Maintains a "Hold" rating for Tesla with a target price of $210.8, indicating a potential downside of 1% [1][2] Core Views - Tesla's 2025 vehicle sales visibility has improved, with expected growth exceeding 20% [1] - The company continues to invest in AI and autonomous driving, which supports its valuation [1] - Tesla's Q3 2024 gross margin exceeded market expectations, reaching 19.8%, up 2 percentage points year-over-year and 1.9 percentage points quarter-over-quarter [1] - Q3 2024 revenue was $25.18 billion, up 8% year-over-year but down 1% quarter-over-quarter, in line with market expectations [1] - Net profit for Q3 2024 was $2.17 billion, up 17% year-over-year and 47% quarter-over-quarter, surpassing market consensus [1] Financial Performance and Forecasts - Tesla's 2025E revenue is projected at $119.11 billion, with a 20% year-over-year growth [5] - Net profit for 2025E is forecasted at $10.16 billion, a 43% increase year-over-year [5] - Free cash flow for 2025E is expected to be $5.01 billion, up from $1.68 billion in 2024E [7] - Tesla's 2025E gross margin is projected at 19.5%, with a net profit margin of 8.5% [5][8] Operational Highlights - Tesla expects vehicle sales to grow by 20%-30% in 2025 [1] - FSD version 13 is expected to improve intervention intervals by 5-6 times [1] - Megapack installations reached 200 units per week, equivalent to 40GWh annually [1] - The second Shanghai factory is expected to start production in Q1 2025 with a capacity of 20GWh annually [1] - The next-generation Optimus humanoid robot will have 22 degrees of freedom, doubling the previous version [1] Valuation - Using a sum-of-the-parts valuation method, Tesla's target price is maintained at $210.8, with a 1% potential downside [1] - The 2024E and 2025E P/E ratios are 94.9x and 66.6x, respectively [1] Industry and Market Context - Tesla's current P/E ratio of 72.6x is higher than the average of 59.5x since 2022, indicating a relatively fair valuation [1] - The company's position as a global leader in smart electric vehicles remains strong, with new models expected to accelerate growth in 2026 [1]

Tesla shares closed up nearly 22% on Thursday – their biggest single-day gain in over a decade – as Elon Musk's bold forecast of surging sales reassured investors he was still looking to grow its core business of selling electric cars. At close, nearly $150bn was added to the company's market value. Musk forecast 20-30% in sales growth next year, promising to launch an affordable vehicle in the first half of 2025, and said efforts to slash production costs boosted margins in the third quarter. The stock ros ...

Key TakeawaysThe S&P 500 added 0.2% on Thursday, Oct. 24, 2024, following strong quarterly results from Tesla and a slew of other corporate earnings releases.Molina Healthcare shares surged as increased premium revenue from Medicaid plans helped the insurer top quarterly sales and profit estimates.Results from mining giant Newmont fell short of expectations, dragged down by elevated costs, and its shares plummeted. Major U.S. equities indexes were mixed on Thursday as investors digested the latest corporate ...

Tesla CEO and X owner Elon Musk speaks during an unveiling event for Tesla products in Los Angeles, California, U.S. October 10, 2024Tesla CEO Elon Musk, already the world's richest person, added another $26 billion in paper wealth on Thursday after his company's stock had its biggest rally since 2013.Musk is now worth about $269 billion, according to Forbes, putting him more than $50 billion ahead of good friend and former Tesla board member Larry Ellison, who remains the largest shareholder in Oracle.Musk ...

Tesla (TSLA) stock notched its best day in more than a decade on Thursday after the electric vehicle maker topped earnings estimates and promised a lower-cost model would begin production early next year.  Tesla shares soared 22% Thursday, their biggest one-day gain since May 2013 when the company reported $500 million in quarterly sales for the first time. In the most recent quarter, vehicle sales exceeded $20 billion.  Tesla's surging stock lifted the S&P 500's Automobiles Industry Index, which advanced ...