Reported about 1 month ago
Tesla's stock rose post-earnings despite missing revenue estimates as it reported Q3 earnings of $25.18 billion against an expected $25.43 billion but beat adjusted earnings forecasts at $0.72 per share. The company projected slight growth in EV deliveries for 2024 and plans to start production of affordable EVs in 2025. Analysts suggest that enhancements in Full Self-Driving features may be driving demand, as consumers are increasingly interested in purchasing vehicles equipped with this technology.
Source: YAHOO