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News in English (USA) / 26.10.2024 / 09:00

Tesla Stock Surge Continues as Company Reports Strong Q3 Earnings

Tesla shares have surged to their highest level in 13 months following a robust Q3 earnings report that surprised Wall Street, with the company posting a profit of $2.17 billion, up 17.3% from the previous year. This remarkable performance has led to a significant boost in market value, adding close to $150 billion in a single day and making Elon Musk $26 billion richer. Investors are reacting positively, with Tesla’s stock soaring 22%, benefiting from strong margins and an optimistic outlook for sales growth. Despite this success, analysts caution that the company must maintain momentum to support its ambitious AI projects and overall market confidence.
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