Oct 24, 2024 - Economy
Banner day for Tesla
Add Axios as your preferred source to
see more of our stories on Google.
Tesla shares just had their best day in over a decade as investors continued to cheer the company's third-quarter report last night, which showed the strength and potential of its core EV business.
Yes, but: The ebullience may prove to be short-lived.
- Investors have been largely skeptical of Tesla's new autonomous and robotics-driven long-term strategy — despite CEO Elon Musk's best efforts to sell it this year.
What they're saying: "This is a burst of enthusiasm after several quarters of weak performance," Craig Irwin, Roth Capital senior research analyst, told CNBC today.
