Company news: Tesla’s (TSLA) quarterly earnings top analysts’ estimates

Tesla (TSLA) reported Q3 FY2024 earnings of $0.72 per share (versus $0.66 per share in Q3 FY2023), beating analysts’ consensus estimate of $0.60 per share.

The company’s quarterly revenues amounted to $25.182 bln (+7.8% y/y), missing analysts’ consensus estimate of $25.468 bln.

The company's CEO Elon Musk said it is his best guess that vehicle growth will reach 20-30% in FY2025 due to lower costs.

TSLA rose to $236.77 (+10.82%) in pre-market trading.