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Why Tesla Stock Just Had Its Best Day in a Decade
TSLATesla(TSLA) Investopedia·2024-10-24 20:20

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 ...