Key Takeaways From Tesla’s Q3 2024 Earnings ⚡

What we're showing

This graphic highlights key takeaways from Tesla's most recent Q3 2024 earnings report.

Huge EPS beat 🚀

Tesla shares jumped 20% on Oct. 24th after the company reported earnings per share (EPS) of 72 cents/share, which was significantly higher than the 58 cents predicted by analysts.

While revenue failed to beat expectations, it was up 8% compared to last year.

The Cybertruck is actually popular 🤔

Tesla also had good news to share regarding its latest and most controversial model, the Cybertruck. The steel-bodied pickup is currently the third best-selling BEV in the U.S., with Kelley Blue Book estimating 16,000 units were sold in Q3.

Tesla is all-in on autonomous driving 🤖

Looking forward, CEO Elon Musk predicts his company will move 20-30% more cars in 2025 due to lower prices and its advances in autonomous technology. Musk even claimed that all of Tesla's cars moving forward would be autonomous (referencing future models).