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Tesla (TSLA) Q3 2024 earnings results beat EPS expectations on slight revenue miss

Tesla saw solid earnings in Q3 but failed to hit revenue expectations.

Donovan Erskine

October 23, 2024 1:41 PM

Tesla

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Tesla (TSLA) is out with its Q3 2024 earnings, showing a beat on earnings per-share, but a revenue miss.

Tesla’s Q3 2024 earnings report was published at the close of markets today. The EV company reported $25.18 billion in revenue for the quarter, which narrowly misses the $25.4 billion expectation. Tesla earned $0.62 per-share, beating the expectation of $0.58.

Tesla (TSLA) stock soared in after-hours trading in response to the report. The stock was valued as high as $233.39 after ending the day at $213.65.

Tesla also shared that it plans to start rolling out more affordable vehicles in 2025. For all your Tesla updates, stick with Shacknews.

Donovan Erskine

News Editor

Donovan is a journalist from Maryland. His oldest gaming memory is playing Pajama Sam on his mom's desktop during weekends. Pokémon Emerald, Halo 2, and the original Star Wars Battlefront 2 were some of the most influential titles in awakening his love for video games. After interning for Shacknews throughout college, Donovan graduated from Bowie State University in 2020 with a major in broadcast journalism and joined the team full-time. He is a huge film fanatic and will talk with you about movies and games all day. You can follow him on twitter @Donimals_