Tesla shares jump on profit beat, Musk's prediction of at least 20% 'vehicle growth' next year
Publishing timestamp: 2024-10-23 16:00:23
Summary
Tesla reported better-than-expected profit in the third quarter, with revenue just shy of expectations. The stock rose following a deep slump earlier in the month. CEO Elon Musk expects vehicle growth to reach 20-30% next year, with all future Tesla cars being autonomous. The company also reported strong revenue growth in energy generation and storage.
Sentiment: POSITIVE
Keywords: united states, tesla inc, climate, electric vehicles, technology, business news, breaking news: technology, general motors co, elon musk, california, autos, earnings, donald trump, ford motor co,
Source: https://www.cnbc.com/2024/10/23/tesla-tsla-q3-2024-earnings-report.html