Tesla Stock Jumps as Analysts Say EV Maker is 'Charging Up' for 2025

Earnings and Stock Performance - Tesla shares surged approximately 20% to around $257 following the release of its third-quarter earnings [2] - The company reported a net income of $2.17 billion, or 62 cents per share, up from $1.85 billion, or 53 cents per share, in the same quarter last year [2] - Margins improved to 19.8% from 17.9% year-over-year, exceeding analysts' expectations [2] Growth Projections and Analyst Reactions - Tesla projected vehicle delivery growth of 20% to 30% for next year, significantly higher than Wall Street's estimates of 10% to 12% [1][2] - Bank of America analysts described Tesla as "charging up for the next wave of growth" and raised their price target to $265 from $255, maintaining a Buy rating [1][3] - Wedbush analysts likened Tesla's performance to an "Aaron Judge-like performance" and maintained an Outperform rating with a $300 price target [1] - JPMorgan expressed skepticism, calling the growth projections "ebullient forecasts" and maintaining an Underweight rating, though it raised its price target to $135 from $130 [2] Future Plans and Innovations - Tesla plans to begin production of its Semitruck and Cybercab by 2025, signaling expansion into new vehicle segments [3] - The company is also preparing to launch a public ride-hailing app in Texas and California, with paid public rides expected to be available next year [3] Market Sentiment and Analyst Ratings - The strong earnings report and growth projections have generated positive sentiment among some analysts, with Bank of America and Wedbush maintaining bullish outlooks [1][3] - However, JPMorgan remains cautious, highlighting potential risks associated with Tesla's ambitious growth targets [2]