• News

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

1

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 young journalist from Maryland, who likes to game. 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 Scream nerd and film fanatic that will talk with you about movies and games all day. You can follow him on twitter @Donimals_