Tesla's Q3 Performance and 2025 Forecasts
- Tesla's stock rose 2.4% to $266.66 after Q3 results
- Stock continued to gain, rising 22% in a day
- Tesla stock up 8.4% so far this year
Tesla has reported a strong Q3 performance with significant increases in operating and free cash flow margins. The company's adjusted EBITDA margin rose to 18.5% in Q3, marking a substantial increase from the previous quarter and the same period a year ago. Despite a slight decrease in revenue, Tesla managed to lower costs and increase profits. The company's free cash flow margin rose to over 10% of sales.
Tesla also reported its biggest quarterly profit in more than a year and issued positive forecasts for 2025. The company's adjusted earnings per share came in at 72 cents, an improvement from the year-ago earnings of 66 cents. Revenues increased 8% year over year to $25.18 billion. CEO Elon Musk indicated that Tesla's volume growth could be 20-30% next year.
Following these strong Q3 results, Tesla's stock value saw a significant increase. The shares on NASDAQ rose 2.4% to $266.66. The company's stock continued to gain, rising 22% on a single day and adding 3.3% the following day, ending at $269.19.
CEO Elon Musk projected a delivery growth in 2025 as high as 30%. As of the close on Friday, Tesla stock was up 8.4% so far this year.