
(TheConservativeTimes.org) – Sending shockwaves through the stock market, GOP nominee Donald Trump and SpaceX CEO Elon Musk loved the recent news he received as Tesla’s Q3 earnings surpassed expectations with a prediction of a 20-30% surge in vehicle deliveries next year.
Despite increased competition from foreign automakers and the Biden administration’s push for electric vehicles, Tesla continues to thrive.
The company’s third-quarter earnings beat analysts’ estimates, with net income growing to $2.17 billion, or 62 cents per share. This impressive performance led to a 10.7% jump in Tesla’s stock during premarket trading.
Known for his commitment to free speech and American exceptionalism, Musk delivered an optimistic forecast for Tesla’s future.
He predicted a 20% to 30% increase in vehicle deliveries next year, surpassing the 15% growth expected by analysts.
Tesla’s success story extends beyond its automotive division. The company’s energy generation and storage revenue saw a remarkable 52% increase, reaching $2.38 billion. This diversification showcases Tesla’s commitment to American energy independence and innovation.
The Cybertruck became the third-best-selling fully electric vehicle in the U.S., with over 16,000 units sold in the third quarter alone.
Tesla’s Full Self-Driving system contributed $326 million in revenue for the quarter. This advanced technology not only enhances safety but also positions the United States at the forefront of the autonomous driving revolution.
In addition, Tesla plans to produce 2 million Cybercabs annually and offer driverless ride-hailing in Texas and California by 2025.
Tesla’s Q3 earnings report and Musk’s optimistic predictions for the future showcase the resilience and innovation of American industry.
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