Tesla Stock Hits Multi-Year High with 18% Jump on Strong Earnings
On Thursday, EV Leader Tesla shares soared by 18%, marking one of its largest single-day gains in recent years, following a robust third-quarter earnings report that smashed analysts' expectations on the bottom line but slightly missed the revenue forecast. However, The electric carmaker, led by Elon Musk, showcased stronger-than-anticipated auto margins and provided optimistic guidance for 2025, pushing shares dramatically higher.GuruFocus has detected 4 Warning Sign with TSLA.Investors are overwhelmed by the earnings beat, with gross margins climbing to 19.8%, surpassing the expected 16.8%. This significant increase reflects a keen investor focus on Tesla's profitability metrics, particularly in light of the company's challenging start to the year. Earlier in 2024, Tesla was struggling with declining deliveries and waning demand in China, sparking concerns about the health of its core automotive business.Analysts have reacted positively to the financial results, which have alleviate