Colin Langan, Wells Fargo analyst, and Tom Narayan, RBC Capital Markets analyst, join 'Squawk on the Street' to discuss each analyst's investment thesis on Tesla following its quarterly earnings results.
Tesla stock shot higher today after its third-quarter earnings report.
Tesla reports its biggest quarterly profit in more than a year and issues upbeat forecasts for 2025.
Tesla (TSLA) reignited investor hopes with a strong 3Q report, gaining back all its losses from the company's cybercab announcement earlier this month. "The stock has had a really rough time" in the long run, according to Dave Mazza, but he believes Tesla's "huge reality check" can support its current valuation.
Tesla Inc (NASDAQ:TSLA) reported better-than-expected third-quarter earnings for the third quarter, while revenue fell just short of analysts' expectations.
Tesla jumped on its latest earnings report. Can it keep gaining?
Electric vehicle trailblazer Tesla (NASDAQ: TSLA) released its Q3 2024 earnings report on October 23. Leading up to the earnings call, sentiment had turned bearish — driven by skepticism after the underwhelming Robotaxi Day ‘We, Robot' event.
The world's richest person got much richer Thursday as Tesla CEO Elon Musk enjoyed a major rally for Tesla stock after the electric vehicle company's latest earnings report encouraged Wall Street.
With Tesla's better-than-expected Q3 earnings, let's examine the stock's growth drivers and challenges to assess whether it's a good time to buy.
Tesla, Inc.'s Q3 EPS exceeded expectations, with a significant EPS beat and margin improvement, despite a slight revenue miss. Tesla's guidance for up to 30% delivery growth in FY 2025 and strong free cash flow margins support a strong buy rating. Tesla's FCF grew 28X faster than its consolidated top line, gross margins expanded as well.
Tesla, whose market capitalization at the close of trading on Wednesday reached nearly $670 billion, is poised to add $80 billion to its value.
Tesla stock popped 10% after the recent earnings report.