Tesla has a strong quarter, exceeding earnings estimates and outlining ambitious plans for the future.

From Yahoo Finance: 2024-10-23 20:44:38

Elon Musk boosts Tesla’s market value by $80 billion in a strong quarter, with Cybertruck sales turning a profit for the first time and regulatory tax credits increasing. Musk outlines plans for Tesla’s future, including ridesharing in Texas and California next year. The automaker aims for 2-4 million robotaxi units by 2026. Tesla reports adjusted earnings of 72 cents per share, beating estimates, and a 17.1% automotive gross margin for the third quarter. The company credits higher delivery volumes and regulatory credit sales for increased profitability, along with growth in its energy business and expanding charging network.



Read more at Yahoo Finance: Tesla Delivers Blowout Quarter, Lays Out Bold Ambitions for 2025