Tesla Inc. (NASDAQ: TSLA) reported its third quarter 2024 earnings outcomes at this time.

Whole revenues elevated 8% year-over-year to $25.1 billion.

Internet revenue attributable to widespread stockholders elevated 17% to $2.17 billion, or $0.62 per share, in comparison with final 12 months. Adjusted EPS rose 9% to $0.72.

Earnings beat estimates however income fell quick.

At quarter-end, money, money equivalents and investments totaled $33.6 billion.

Tesla mentioned that regardless of ongoing macroeconomic situations, it expects to attain slight progress in car deliveries in 2024. Power storage deployments are anticipated to greater than double year-over-year in 2024.

The inventory jumped over 8% in aftermarket hours on Wednesday following the earnings announcement.

Prior efficiency