Tesla's Earnings Call Has Ended, The Stock Is Up $25.15 (+11.77%) TSLA

$238.80 last I saw.

Bloomberg was doing a liveblog, some of the headlines:

Tesla Expects to Roll Out Ridehailing Next Year

• Tesla aims to roll out autonomous ridehailing in 2025
• Musk sees 20% to 30% vehicle growth next year
• Company still sees 2025 production of cheaper model
• Cybertruck has reached profitability for the first time
• Musk bullish after 3Q profit, margins top estimates

Musk says Tesla Won’t Make a Non-Robotaxi Version of More Affordable EV

56m ago17:05

Musk clarifies that when it comes to an “affordable” EV, the company is targeting sub-$30,000 in bringing something to market.

But Tesla will NOT be making a non-robotaxi version of the car. He stresses the company has made it clear that the future is in autonomous driving.

This seems (it’s really hard to say) to be Musk saying there’s not going to be some stand alone, new $25,000 EV model with a traditional steering wheel or pedal -- which is what many are still calling for.

 

1h 24m ago16:39

MUSK SAYS CYBERCAB WILL REACH VOLUME PRODUCTION IN 2026

ELON MUSK AIMS FOR 2 MILLION TESLA CYBERCAB UNITS PER YEAR

1h 27m ago16:36

Musk reiterates that they will deliver more affordable models in the first half of 2025. He gives a rough estimate of 20-30% vehicle growth next year.

....MUCH MORE

 

And more to come.

From the Company:

32 page slide deck

https://digitalassets.tesla.com/tesla-contents/image/upload/IR/TSLA-Q3-2024-Update.pdf