Tesla Records its Best Day in 11 Years: 5 ETF Winners
Tesla(TSLA) ZACKS·2024-10-25 15:01
Tesla Motors (TSLA) had its best day in 11 years, adding $150 billion to the company's market valuation. This is more than the combined value of Ford, GM and Stellantis. The stock skyrocketed 22% following the blockbuster third-quarter 2024 results. Though the electric automaker lagged revenue estimates, it reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025 (read: ETFs to Tap Tesla's Solid Q3 Earnings). With the surge, Tesla reversed all its losses this year, turn ...