Is Tesla's Stock Pop Sustainable? TSLA ETFs in Focus
Tesla(TSLA) ZACKS·2024-10-25 19:01
Electric vehicle giant Tesla stock (TSLA) surged on Thursday following mixed third-quarter earnings released after the bell on Wednesday. The electric automaker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025. However, it lagged revenue estimates. Shares of Tesla popped up 19% on Oct. 24 (read: ETFs to Tap Tesla's Solid Q3 Earnings).Investors applauded beats on adjusted earnings per share and higher gross margins in addition to the news that Tesla's cheaper ele ...