The electric vehicle company reported a shocking profit margin increase even after offering significant discounts to car buyers.
*Stock prices used were the afternoon prices of Oct. 22, 2024. The video was published on Oct. 24, 2024.
Tesla Stock Soars Following Surprisingly Spectacular Financial Results
By Parkev Tatevosian, CFA – Oct 25, 2024 at 9:18AM EST
NASDAQ: TSLA
Tesla
Market Cap
$1.6T
Today's Change
(1.57%) $7.53
Current Price
$488.73
Price as of December 22, 2025 at 4:00 PM ET
It was hard to find a misstep in the company's latest quarter, and the stock price reaction reflects those realities.
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About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Stocks Mentioned
Tesla
NASDAQ: TSLA
$488.73 (+0.02%) $+7.53
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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