Global Investing
Tesla soars $80bn on record profits and bold 2025 forecasts
Tesla’s market value surged by $80 billion
Tesla's market value surged by $80 billion after posting its largest quarterly profit in over a year, buoyed by strong Cybertruck sales and regulatory credits. CEO Elon Musk shared optimistic forecasts, promising 20-30% delivery growth in 2025, while hinting at ridesharing launches in Texas and California. Despite skepticism over missed timelines, Tesla's stock jumped 12%, boosted by the success of its energy business and a strong outlook for its autonomous Cybercab production.
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By Kara Carlson and Dana Hull
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