Bulls Blast Tesla Stock on Earnings Beat, Strong Forecast
Tesla(TSLA) Schaeffers Investment Research·2024-10-24 22:29
Tesla Inc (NASDAQ:TSLA) reported better-than-expected third-quarter earnings for the third quarter, while revenue fell just short of analysts' expectations. Plus, CEO Elon Musk noted the company could see 20% to 30% "vehicle growth" in 2025 thanks to lower prices.TSLA is up 16.7% to trade at $249.39 at last glance, giving Wall Street a boost. At least seven analysts hiked their price objectives, including BofA Global Securities to $265 from $255. The 12-month consensus target price of $212.59 is still a 14. ...