Tesla's stock surges 21% after Elon Musk's sales forecast, adding $140 billion in market value.

From Nasdaq: 2024-10-24 16:39:40

Tesla’s shares surged 21% after Elon Musk’s sales forecast for 2025, adding $140 billion in market value. Musk’s reaffirmed focus on electric vehicles and improved production costs led to third-quarter margins exceeding Wall Street expectations. However, concerns remain about Musk’s emphasis on AI and robotaxis over Tesla’s core EV business.

While Tesla’s stock rally offers relief, long-term strategy debates persist. Regulatory challenges in launching robotaxis and maintaining strong margins amid competition are key focus areas. Investors seek clarity on Tesla’s evolving business model to embrace Musk’s vision of a tech-powered future.



Read more at Nasdaq: Tesla’s $140 Billion Surge Calms Investor Fears with Promised EV Growth