Tesla Stock Surges Post-Earnings
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future earningsCryptopolitan
•Elon Musk defies doubters, sending Tesla to largest daily gain since 2011
71% Informative
Tesla stock, TSLA, shot up by 20% , adding $150 billion to its market cap.
This is the company’s largest single-day spike since 2011 .
On Wednesday , Tesla reported revenue of $25.2 billion and earnings per share of $ 0.72 .
On that same call, Musk gave his forecast for 2025 vehicle deliveries to grow between 20% and 30% .
Delaney said that the future of Tesla ’s stock depends largely on its ability to deliver on its Full Self-Driving promises and meet its vehicle delivery targets.
Delaney also said that stronger margins in the latest earnings report are a positive sign for Tesla .
Barclays analysts reiterated their neutral stance, setting a price target of $ 220 .
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