Reported about 1 month ago
Tesla reported mixed third-quarter results, with EPS beating estimates but revenue falling short. Analyst Dan Ives from Wedbush highlighted Tesla's optimistic growth forecast of 20-30% for 2025, driven by factors such as improved margins and anticipated launches of affordable electric vehicles. Ives predicts a renaissance in demand for EVs propelled by advancements in AI and autonomous driving technologies, while he expresses concerns about the potential impact of the upcoming US elections on the broader EV market.
Source: YAHOO