Tesla's stock rises after an earnings beat and Elon Musk's forecast of at least 20% "vehicle growth" in the upcoming year.

 

Despite revenue falling just short of forecasts, Tesla's third-quarter earnings on Wednesday exceeded analysts' projections. Extended trading saw a 12% increase in the stock price.


Here is how the company's report and Wall Street's expectations differed, according to an LSEG survey of analysts:

Adjusted earnings per share were 72 cents as opposed to the predicted 58 cents.
Revenue: $25.18 billion as opposed to the anticipated $25.37 billion
The quarter's revenue climbed 8% from $23.35 billion in the same period last year. From $1.85 billion, or 53 cents per share, a year ago, net income increased to almost $2.17 billion, or 62 cents per share.

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