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 ...

The general public may be able to hail a Tesla self-driving robotaxi as early as 2025, and employees are already testing the vehicles on some roads in the San Francisco Bay Area. On an earnings call Wednesday, CEO Elon Musk said the company plans to launch its self-driving robotaxis in California and Texas next year. The timeline is contingent on regulatory approval, but Musk said he thinks the company will receive that approval by next year. He previously said the taxis, dubbed Cybercabs, would enter produ ...

The idea of a $25,000 Tesla has persisted for years — in part, perhaps, because CEO Elon Musk said he was “very confident” the company could do it at an event in 2020. But on Wednesday night, during Tesla’s third-quarter earnings call, Musk said the idea of a $25,000 car with a steering wheel and pedals is “pointless,” and “silly.” He said he only wants to sell one car at that price: the “Cybercab” robotaxi he revealed a prototype of two weeks ago. It was the latest in a long line of public and private fli ...

Key TakeawaysTesla shares skyrocketed after the company reported third-quarter earnings Wednesday evening.The company's prediction of 20% to 30% vehicle delivery growth next year caught the attention of Wall Street analysts.Tesla is "is charging up for the next wave of growth,” Bank of America analysts said. Tesla (TSLA) shares are roaring higher a day after the company’s third quarter results, which analysts at Wedbush called an “Aaron Judge-like performance.” The firm noted Tesla’s prediction of 20% to 30 ...

Why Do People Keep Betting Against Elon Musk?Elon Unveils The Future Two weeks ago, Elon Musk unveiled Tesla Inc.‘s TSLA new Robotaxi, along with its Art Deco Robovan, and Tesla’s Optimus humanoid robots. I followed the commentary and video clips on X at the time, and found the event impressive. Below is CNET’s 8-minute supercut version, if you missed it. The phrase that came to mind the night of Tesla’s “We, Robot” event was, “Elon unveils the future”. Fools Bet Against Him The morning after that “We, Robo ...

The EV maker impressed investors with its third-quarter earnings report.Shares of Tesla (TSLA 20.32%) were on the move this week after the leading electric vehicle (EV) maker posted strong profit growth in its third-quarter earnings report, and gave a bullish forecast for vehicle production in 2025.That news helped reassure investors that the company still has plenty of growth left. As a result, the stock was up 15.1% for the week as of 11:55 a.m. ET on Thursday, according to data from S&P Global Market Int ...

After Tesla (TSLA) reported third-quarter earnings that beat analysts' expectations, CEO Elon Musk updated investors on the company’s growing profitability, ambitions for 2025, and more. Investors liked what they heard last night, with the EV maker's stock up nearly 20% in Thursday trading, in positive territory for the year. Tesla Grows Profits In a 'Very Challenging Automotive Environment’ Tesla's net income for the third quarter grew 17% year-over-year to $2.17 billion, as its gross margin rose to 19 ...

Tesla Inc TSLA beat earnings estimates and showed improving margins in the third quarter, along with a strong vehicle delivery outlook for 2025, which were among the highlights for analysts.The Tesla Analysts: Piper Sandler analyst Alexander Potter reiterated an Overweight rating on Tesla with a $310 price target.Bank of America analyst John Murphy reiterated a Buy rating and raised the price target from $255 to $265.Cantor Fitzgerald analyst Andres Sheppard maintained a Neutral rating and raised the price ...

Tesla, Inc. 's (NASDAQ: TSLA ) stock surged after hours on Thursday as the EV giant reported better-than-expected EPS, margins, and other profitability-related metrics, soothing recent investor concerns. I recently discussedAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implement my Covered Call Divi ...

The market seems to have taken the Tesla, Inc. (NASDAQ: TSLA ) Q3 2024 results very positively. In fact, the price per share is rising in double digits. The biggest concern was continuing to see declining profit margins, but thereHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about ...