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Tesla Records Its Best Day in 11 Years: 5 ETF Winners
Elon Musk's 'diamond hand'! Tesla's bitcoin holdings in Q3 remain unchanged.
Tesla announced its earnings in the post-market trading on Wednesday. On Thursday during the trading session, Tesla surged, closing up 21.92% at $260.48.
tesla's financial report shocked the market! Stock price hit the largest increase in a decade, with huge differences in Wall Street's future market sentiment.
Wedbush analyst Ives gave a target price of $300, expecting a rise of over 40% from Wednesday's close, stating that price cuts have completely become a thing of the past, which is key to increasing profit margins in Tesla's future AI transformation.
Post-performance stock price soared! Tesla's profit turned over unexpectedly, with a 9% increase in EPS in the third quarter, and Cybertruck's first gross profit turned positive.
In the third quarter, Tesla's revenue increased by nearly 8% year-on-year, still lower than expected, but the profit was a pleasant surprise, with the gross margin rising by 195 basis points to 19.8% year-on-year. The gross margin of the automotive business exceeded expectations, rising to 17.1%; "carbon sales" revenue increased by over 30% year-on-year, reaching a quarterly high. The gross margin of the energy storage business in the third quarter reached a record high of 30.5%, with deployment expected to double compared to last year, and the Shanghai factory is expected to start delivering Megapacks in the first quarter of next year. Production of more affordable car models is set to begin in the first half of next year, with car deliveries expected to slightly increase compared to last year. Musk mentioned a potential 20%-30% growth next year, with the low-cost car price below 0.03 million USD, and Cybercab set to begin mass production in 2026, targeting an annual output of 2 million vehicles; Tesla's AI
Elon Musk has gotten into trouble again? Robotaxi conference sued for infringement on 'Blade Runner 2049'.
1. The production company of "Blade Runner 2049", Aiken Entertainment, has officially filed a lawsuit against Elon Musk, tesla, and Warner Bros. Ventures for allegedly infringing image copyrights and constituting "false endorsement"; 2. Aiken Entertainment stated that they do not want their sequel to "Blade Runner" film to be "associated with Musk, tesla, or any of Musk's companies".
Weekend Reading | Physics Didn't Say No: How did Musk rewrite the history of human spaceflight?
Produce rockets using the methods of manufacturing autos.