Tesla’s profit explodes and shares soar; company predicts growth in deliveries and new affordable models arriving soon
Tesla’s quarterly profit surpassed analysts’ estimates and predicted a “slight growth” in deliveries this year, sending shares of the world’s largest electric vehicle maker up more than 8% in after-hours trading.
O adjusted net profit of the quarter increased 8 percent compared to the previous year, reaching US$2.5 billionexceeding the expectations of US$2.1 billionaccording to a company filing based in Austin, Texason Wednesday.
A revenue increased 8 percent to US$25.2 billionslightly below the average estimate of US$25.4 billion.
“Despite ongoing macroeconomic conditions, we expect to achieve a slight growth in vehicle deliveries in 2024,” said the Tesla.
“Plans for new vehicles, including more affordable models, remain on track to begin production in the first half of 2025.”
Earlier this month, Tesla reported that the deliveries increased 6.4 percent in the third quarter for 462,890 vehicles globally, driven by an increase in Chinese sales which compensated for weak demand in Europa.
Although the company has maintained its position as the leading electric vehicle manufacturer ahead of BYDfrom China, the numbers were slightly below analysts’ expectations.
O chief executive Elon Musk made a strategic shift toward autonomous driving, artificial intelligence e roboticstelling investors that these technologies would soon be Tesla’s main sources of revenue and boost its valuation. However, the company still gets four fifths of its revenue from car sales and has not launched a new mass consumer vehicle since 2020.
With information from News Agencies*
Source: https://www.ocafezinho.com/2024/10/23/tesla-surpreende-wall-street-com-lucro-acima-do-esperado/
