Is Tesla's Stock Pop Sustainable? TSLA ETFs in Focus

Zacks2024-10-26

Electric vehicle giant Tesla stock TSLA surged on Thursday following mixed third-quarter earnings released after the bell on Wednesday. The electric automaker reported its biggest quarterly profit in ...

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The electric automaker reported its biggest quarterly profit in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-stock-pop-sustainable-tsla-180000742.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tesla's Stock Pop Sustainable? 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TSLA ETFs in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-26 02:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/teslas-stock-pop-sustainable-tsla-180000742.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Electric vehicle giant Tesla stock TSLA surged on Thursday following mixed third-quarter earnings released after the bell on Wednesday. The electric automaker reported its biggest quarterly profit in ...</p>\n\n<a href=\"https://finance.yahoo.com/news/teslas-stock-pop-sustainable-tsla-180000742.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0082616367.USD","symbol_name":"摩根大通美国科技A（dist）","start_time":0,"source_url":"https://finance.yahoo.com/news/teslas-stock-pop-sustainable-tsla-180000742.html","article_id":"2478965250","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/qcNfuGLpp8.CUP2WyvvZ3Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/cdf0e845342e2ccbc2f5c42fc22f87f1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478965250","pubTimestamp":1729879200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Electric vehicle giant Tesla stock TSLA surged on Thursday following mixed third-quarter earnings released after the bell on Wednesday. The electric automaker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025. However, it lagged revenue estimates. Shares of Tesla popped up 19% on Oct. 24 .Investors applauded beats on adjusted earnings per share and higher gross margins in addition to the news that Tesla's cheaper electric vehicle is on track for production next year. CEO Elon Musk also said in the earnings call that Tesla's volume growth could be 20-30% next year.Adjusted earnings per share came in at 72 cents, outpacing the Zacks Consensus Estimate of 58 cents and improving from the year-ago earnings of 66 cents. Revenues increased 8% year over year to $25.18 billion but were below the Zacks Consensus Estimate of $25.57 billion.Tesla stock is up 3% so far this year and has gained 0.6% past month. The Tesla stock is pricey too. TSLA stock tr","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0082616367.USD":"摩根大通美国科技A（dist）","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","ARKK":"ARK Innovation ETF","BK4527":"明星科技股","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","BK4550":"红杉资本持仓","ARKQ":"ARK Autonomous Technology & Robotics ETF","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","XLY":"消费品指数ETF-SPDR可选消费品","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4503":"景林资产持仓","BK4574":"无人驾驶","FDN":"First Trust Dow Jones Internet I","BK4551":"寇图资本持仓","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BK4022":"陆运","BK4505":"高瓴资本持仓","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","BK4511":"特斯拉概念","BK4099":"汽车制造商","TSLL":"Direxion Daily TSLA Bull 2X Shares","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4548":"巴美列捷福持仓","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4592":"伊斯兰概念","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","BK4534":"瑞士信贷持仓","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","TSLA":"特斯拉","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H"},"translate_title":"特斯拉的股价上涨可持续吗？TSLA ETF成为焦点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARKQ":1,"XLY":1,"TSLL":1,"TSLA":1,"ARKK":1,"FDN":0.9},"content_text":"Electric vehicle giant Tesla stock TSLA surged on Thursday following mixed third-quarter earnings released after the bell on Wednesday. The electric automaker reported its biggest quarterly profit in more than a year and issued upbeat forecasts for 2025. However, it lagged revenue estimates. Shares of Tesla popped up 19% on Oct. 24 (read: ETFs to Tap Tesla's Solid Q3 Earnings).\nInvestors applauded beats on adjusted earnings per share and higher gross margins in addition to the news that Tesla's cheaper electric vehicle is on track for production next year. CEO Elon Musk also said in the earnings call that Tesla's volume growth could be 20-30% next year.\nAdjusted earnings per share came in at 72 cents, outpacing the Zacks Consensus Estimate of 58 cents and improving from the year-ago earnings of 66 cents. Revenues increased 8% year over year to $25.18 billion but were below the Zacks Consensus Estimate of $25.57 billion.\nStay up-to-date with all quarterly releases: See Zacks Earnings Calendar.\nCybertruck production increased sequentially in Q3 and achieved a positive gross margin for the first time,\" Tesla said in its report. Tesla management said, \"preparations remain underway for [the] offering of new vehicles — including more affordable models — which we will begin launching in the first half of 2025.\"\nIs the TSLA Stock Boost Sustainable?\nEarlier this month, Tesla returned to delivery growth in the third quarter after two successive quarters of decline and reported the third-largest quarterly number in the company's history. The return to growth shows that some of the incentives that Tesla had rolled out to boost demand are now paying off.\nStill, we would like to note that Tesla’s delivery numbers fell short of estimates in the past. Tesla has been losing market share to rivals in both China and the United States, resulting in a notable slowdown in growth. This month itself we have seen Tesla’s unimpressive robotaxi event, which failed to meet expectations, raising concerns among ridesharing investors.\nOn Oct. 10, 2024, Tesla introduced its CyberCab, an autonomous vehicle designed for ridesharing, along with a 20-seater \"RoboVan.\" Tesla CEO Elon Musk envisioned operating fleets of these vehicles as an alternative to Uber and Lyft. Despite this, analysts were underwhelmed by the lack of exact details regarding Tesla’s plans to launch a ridesharing platform (read: Time for Uber-Lyft ETFs After Tesla's Unimpressive Robotaxi Event?).\nOn the conference call, Tesla chief Musk said the Cybercab would reach volume production in 2026, and the company aims for 2 million Tesla Cybercabs per year. Still, JPMorgan believes Tesla’s share pop is ”unsustainable,” as quoted on CNBC. Note that Tesla had a tough first half of the year that saw Tesla cut more than 10% of headcount.\nTesla Stock Performance & Valuation\nTesla stock is up 3% so far this year and has gained 0.6% past month. The Tesla stock is pricey too. TSLA stock trades at a price-to-earnings (trailing 12 month) ratio of 91.30X versus the underlying Automotive – Domestic industry measure of 10.90X. Price-to-book (most recent quarter) ratio of Tesla stock is 10.16X versus the industry measure of 0.97X.\nTesla Growth Projection \nTesla’s next year’s expected growth rate is 34.2% versus the industry’s expected growth rate of 25.90%.  The company’s expected growth rate is 19.90% for the next five years versus 15.60% expected for the underlying industry. Having said this, cautious investors may want to take a wait-and-see approach until Tesla can offer early signs of at least 20% vehicle growth next year.\nTesla ETFs in Focus \nUntil then, bullish investors can tap exchange-traded funds (ETFs) having with a substantial allocation to this luxury carmaker Tesla. The ETF approach minimizes the company-specific concentration risks. These ETFs include ARK Innovation ETF ARKK, Consumer Discretionary Select Sector SPDR Fund XLY, Simplify Volt Robocar Disruption and Tech ETF VCAR and ARK Autonomous Technology & Robotics ETF ARKQ.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nTesla, Inc. (TSLA) : Free Stock Analysis Report\nConsumer Discretionary Select Sector SPDR ETF (XLY): ETF Research Reports\nARK Autonomous Technology & Robotics ETF (ARKQ): ETF Research Reports\nARK Innovation ETF (ARKK): ETF Research Reports\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478965250"}