Long

Tesla Net Income Increase

Updated

Tesla’s third-quarter net income rose 17.3% as electric vehicle sales increased for the first time this year. The company reported a $2.17 billion profit, up from $1.85 billion in the same period of 2023. Despite price cuts and low-interest financing, it was Tesla’s first profit increase in 2024. Revenue rose 7.8% to $25.18 billion, but missed Wall Street's estimate of $25.47 billion. Tesla earned 72 cents per share, beating the 59 cents expected by analysts. Given the strong earnings growth and improving sales, Tesla’s stock price has potential for further increase, possibly reaching its previous high.

This is not a financial advice.

Trade closed manually

The analysis was posted yesterday, and since then, the price has risen by $22. I hope everyone who saw the market insight was able to capitalize on the opportunity and make a solid profit.

Happy trading!

Charts_M7M

📈 6 years in the financial markets! I share daily signals, analysis, and market news. Want to trade smarter? Join my Telegram for exclusive insights.

Telegram Link: t.me/charts_M7M

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.