Elon Musk said he hopes to launch a service that will let people hail self-driving Tesla vehicles in California and Texas sometime in 2025 — and claims his company has already been testing the service in the Bay Area with employees.
Tesla, Inc.'s Q3 earnings beat profit estimates but missed revenue expectations, with auto revenue showing minimal growth and declining average selling prices. The energy business performed strongly, with a 52% revenue increase and improved margins, partially offsetting the weak auto segment. Despite improved profits and cash flow, Tesla's high valuation and weak auto growth make it a risky investment, especially amid rising competition.
Although the revenue and EPS for Tesla (TSLA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Tesla (TSLA) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.66 per share a year ago.
Tesla (TSLA) reported mixed third quarter results. Adjusted earnings of $0.72 per share topped the Bloomberg consensus estimate of $0.60.
Tesla delivered stronger third-quarter profits than Wall Street expected Wednesday, as Elon Musk's electric vehicle maker reported its first year-over-year bottom line growth of 2024 much to investors' delight.
Gene Munster, Deepwater Asset Management, joins 'Fast Money' to talk Tesla earnings.
Tesla, Inc. missed street estimates for Q3 revenues, but stronger than expected margins led to a huge bottom-line beat. Management still believes it can grow vehicle deliveries for the full year in 2024, implying a best-ever period in Q4. TSLA's valuation remains high compared to competitors, driven by the potential for autonomous vehicle profits rather than delivery increases.
Tesla's Cybertruck was the third best-selling electric vehicle in the United States in the third quarter, beating out every other EV not made by Tesla. The only two vehicles that sold better were the Model 3 sedan and Model Y SUV.
Steve Westly, The Westly Group Founder, joins 'Closing Bell Overtime' to talk Tesla earnings.
Tesla earnings surprised with a gain, though revenue fell short. Tesla stock jumped late, with Elon Musk's conference call upcoming.
Dan Ives, Wedbush managing director, joins 'Closing Bell Overtime' to talk Tesla earnings.