Shares of the company are being paid almost a quarter higher due to Elon Musk’s latest report.
During Thursday, Tesla’s shares gained enormously on the stock market, they were worth no less than 22 percent more compared to the previous day. This is significant not only because the last time the company was able to show a similar result was in 2023, but also because it essentially regained all of its value that it lost this year in a single day.
Recently, the tepid reception of the Cybercab and Robovan, futuristic models designed to be fully self-driving, have drawn attention to the papers, but investor sentiment can easily change when faced with growing numbers in the quarterly report and upward graphs on the earnings side.
A CNBC report according to Tesla’s third-quarter sales data, which Elon Musk shared with investors, had an encouraging effect. Compared to the same period in 2023, these increased by 8 percent, and the turnover of the car manufacturer reached 25.18 billion dollars. The billionaire head of the company also added that it didn’t take a year for the production of the Cybertruck to turn profitable, and since assembly is taking place at an accelerated pace in Tesla’s Texas factory, they will be able to sell more of the model, which is popular despite its flaws, in 2025 than this year.
Overall, Musk expects at least one percent more cars sold, but he does not consider a 30 percent increase unthinkable either, behind which he sees the rise in interest in self-driving models and the reduction in prices.
Source: www.pcwplus.hu
