Investors are hoping earnings season will bring signs of strong demand for AI chips.
Tesla stock shot up nearly 12% in pre-market trade on Thursday, a day after it forecast surging car sales growth, reassuring investors that CEO Elon Musk was still looking to expand the company's core business of selling electric vehicles.
Tesla share surge in extended trade after the EV maker posted a better-than-expected earnings beat in Q3. CEO Elon Musk says the company's sales targets of 20-30 per cent are achievable next year.
Tesla's Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.
Tesla's Q3 earnings beat expectations, boosting stock after the Robotaxi announcement's disappointment. Strong margins and an uptick in 2024 sales growth buoyed investors' take on Tesla.
Tesla investors who were elated over the many positive statements by Chief Executive Elon Musk & Co. on Wednesday should rein in some of their expectations and remember the past.
I reiterate a 'Strong Buy' rating on Tesla with a one-year target price of $303 per share, despite recent disappointments. Tesla's Q3 results beat market expectations, showing 7.8% revenue growth and 24.1% adjusted EBITDA growth, indicating a moderate market recovery. I believe Tesla will sustain 25% revenue growth due to progress in Cybertruck production, AI-based FSD software, and energy transformation.
Tesla CEO Elon Musk on Wednesday said the electric vehicle maker will roll out driverless ride-hailing services to the public in California and Texas next year, a bold claim likely to face significant regulatory and technical challenges.
Tesla, Inc. (NASDAQ:TSLA ) Q3 2024 Results Conference Call October 23, 2024 5:30 PM ET Company Participants Travis Axelrod - Head of Investor Relations Elon Musk - Chief Executive Officer Ashok Elluswamy - Director, Autopilot Software Vaibhav Taneja - Chief Financial Officer Lars Moravy - Vice President, Vehicle Engineering Conference Call Participants Pierre Ferragu - New Street Adam Jonas - Morgan Stanley Travis Axelrod Good afternoon, everyone, and welcome to Tesla's Third Quarter 2024 Q&A webcast. My name is Travis Axelrod, Head of Investor Relations, and I am joined today by Elon Musk, Vaibhav Taneja and a number of other executives.
On “Bloomberg The Close,” Ark's Director of Investment Analysis Tasha Keeney discussed Tesla's better-than-expected earnings results. With Tesla's unsupervised, full self-driving vehicles on the horizon next year, Keeney says it's “just a matter of time before they can launch a robo-taxi service.
Tesla (TSLA) stock is climbing higher in extended-hours trading after reporting mixed third quarter earnings, missing revenue estimates ($25.18 billion vs. $25.43 billion expected) and posting adjusted earnings of $0.72 per share ($0.60 was expected).
After the close, Tesla (TSLA), ServiceNow (NOW) and IBM (IBM) beat on earnings, while Las Vegas Sands (LVS) missed.