Tesla just dropped some big news – and Wall Street’s loving it. The EV maker’s profit jumped 9% in Q3, beating what analysts thought

Tesla Stock Jumps 10% After Profit Beat: What Investors Need to Know

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2024-10-23 23:00:08

Tesla just dropped some big news – and Wall Street’s loving it. The EV maker’s profit jumped 9% in Q3, beating what analysts thought they’d make.

Tesla’s showing it can still make money in a tough market. While growth isn’t as explosive as before, they’re getting better at controlling costs and finding new ways to make money. The next big test? Getting those cheaper cars out in 2025 and making their AI investments pay off.

Andrew Lokenauth has 15+ years of experience working across Wall St., Banking and Tech, holding roles at Goldman Sachs, Citi and JPMorgan. He holds his degree in Finance and his insights have been featured in the WSJ, Forbes, Business Insider, Yahoo Finance, CBS, NBC and FOX News. Andrew has built a community of 2 million+ followers across social media. To find out more, join 80,000+ readers at TheFinanceNewsletter.com — the newsletter that helps you become smarter with your money.