Tesla: Stock Price Surges After Hours
Analyst Estimates and Financial Performance
Breaking News and Market Updates
Tesla Inc. (TSLA) stock surged over 10% in after-hours trading, driven by positive analyst estimates and strong financial performance.
According to Barron's, analysts have upgraded their earnings and revenue estimates for Tesla, citing the company's leadership in electric vehicle technology and its recent expansion into the energy sector.
In the latest quarterly report, Tesla reported record revenue and earnings, boosted by strong demand for its Model Y and Model 3 vehicles.
Elon Musk's Focus on Autonomy
Elon Musk, Tesla's CEO, has repeatedly emphasized the company's commitment to developing autonomous driving technology. This focus has been a key growth driver for Tesla, as it positions the company to lead the emerging autonomous vehicle market.
Market Performance
Over the past 52 weeks, Tesla's stock has ranged between $138.80 and $299.29. The recent surge in after-hours trading has pushed the stock price towards the upper end of this range.
Investors should note that after-hours trading results may not always reflect the opening price of the following day.
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