Tesla projects 20-30% sales growth, shares surge 12% in after hours

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"No EV company is even profitable," Musk told analysts on a conference call on Wednesday.

This metric was up 33 per cent year-over-year to $739 million, but down from $890 million in the second quarter.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.

Tesla's third-quarter profit margin from vehicle sales, excluding regulatory credits, grew to 17.05 per cent from 14.6 per cent in the prior three-month period, according to Reuters calculations.

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Article Details

Category: BusinessFinance

Markets: India

Topics: EV market Profit margin Tesla sales forecast Elon Musk Electric vehicles Full Self-Driving Stock surge Robotaxi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 09:30:58 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 791 words

Reading Time: 5 minutes read

Sentences: 28 lines

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Copyright Owner: © Business Standard

News ID: 23219478

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