Tesla shares soared Thursday after the company reported third-quarter earnings that beat analyst expectations , giving investors and analysts some relief after a tough stretch for the electric vehicle maker. Profit margins got a boost thanks to $739 million in automotive regulatory credit revenue, while automotive revenue ticked up 2% to $20 billion from $19.63 billion year over year. The stock also got a boost from comments by CEO Elon Musk.
mountain Tesla stock in 2024. But while analysts were pleased with the results, they're also cautious on Tesla and worry the battered EV maker still has longer-term questions to contend with. Here's what the major shops on Wall Street are saying about Tesla's third-quarter results and where they see the stock going from here.