Tesla's Pre-Market Decline Fuels Gains For These ETFs: TSLQ, TSLZ Rebound After Big Drops
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.
Tesla Reverberations: EV Peers Rally While Uber and Lyft Fall Back; TSLL +26%
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
ETFs Brace for TSLA Earnings as Some Have Allocations North of 10% Towards the EV Maker