PTOL
10-24

$Tesla Motors(TSLA)$ Tesla is up 13% in premarket trading after the electric-vehicle maker reported third-quarter adjusted earnings of 72 cents a share, smashing analysts’ estimates of 60 cents, and operating profit margins jumped 3.2 percentage points year over year to 10.8%, better than Wall Street expectations of about 8%. Tesla expects to sell more vehicles in 2024 than it did the previous year, implying it will deliver at least 515,000 vehicles in the fourth quarter, which would be a record, and better than the 490,000 vehicles currently projected by Wall Street. The company also said a lower-priced vehicle will begin production in the first half of 2025


Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment