Reported about 1 month ago
Tesla's stock experienced its best day since 2013, soaring nearly 22% following the company's third quarter earnings report, which revealed adjusted earnings per share exceeding expectations and improved gross margins. CEO Elon Musk highlighted potential volume growth of 20%-30% for the next year and confirmed the forthcoming production of a more affordable electric vehicle model. Despite lower-than-expected revenues, the overall performance led to a significant increase in Tesla's market valuation.
Source: YAHOO