Reported about 1 month ago
Tesla's shares soared nearly 22% on Thursday, marking its best performance since 2013, following the release of its third quarter earnings. Investors were optimistic about the company’s adjusted earnings per share and higher gross margins, alongside news of an upcoming affordable electric vehicle model expected in production next year. Though total revenue was slightly below expectations, Tesla's delivery growth and future forecasts of 20%-30% volume increase for next year buoyed investor confidence.
Source: YAHOO