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Wall Street On Tesla’s Stellar Q3’24 Earnings: Auto Gross Margin Upside Driven By “Volume Leverage, Lower Raws, Freight, Duties, And FSD”

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Tesla

Tesla has pleasantly shocked investors after a fairly long period of underperformance, and the ensuing elation is clearly visible in the market today as the EV giant's shares notch a gain of 16 percent, which corresponds to one of their best performances ever. Now, Wall Street is out with a few critical insights into Tesla's stellar earnings report. BofA raises TSLA price target from $255 to $265Goldman raises TSLA price target from $230 to $250 pic.twitter.com/JHE8L0avFG — zerohedge (@zerohedge) October 24, 2024 As we reported on Wednesday, Tesla's auto gross margin (ex-Regulatory Credits) printed at 17.05 percent for the just-concluded […]

Read full article at https://wccftech.com/wall-street-on-tesla-stellar-q324-earnings-auto-gross-margin-upside-driven-by-volume-leverage-lower-raws-freight-duties-and-fsd/

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