Tesla delivers blowout quarter, shares jump as profits rise on lower expenses

Tesla Inc saw a significant rise in market value, driven by strong third-quarter earnings, primarily due to profitable Cybertruck sales and energy storage business. Elon Musk projected 20%-30% delivery growth for next year and highlighted plans for autonomous ridesharing. Tesla's performance led to investor optimism despite previous quarters' low expectations and challenges.

Oct 24, 2024 - 09:00
Tesla delivers blowout quarter, shares jump as profits rise on lower expenses

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Tesla Inc saw a significant rise in market value, driven by strong third-quarter earnings, primarily due to profitable Cybertruck sales and energy storage business. Elon Musk projected 20%-30% delivery growth for next year and highlighted plans for autonomous ridesharing. Tesla's performance led to investor optimism despite previous quarters' low expectations and challenges.
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