Tesla shares pop 12% in Frankfurt on strong sales forecast
ReutersOct 24, 2024 6:31 AM
(Reuters) - Tesla's Frankfurt-listed shares rose 12% to a two-week high on Thursday, as a strong sales forecast cheered investors.
CEO Elon Musk on Wednesday forecast vehicle sales would grow by 20-30% next year, reassuring investors Tesla was improving its core electric vehicles business, and reducing concerns about when it could produce a robotaxi.
Its positive update helped lift Nasdaq futures by around 0.5% in early morning European trade.
(Reporting by Danilo Masoni; Editing by Amanda Cooper)
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
2025 IPOs Are Back with a Bang — And These Upcoming Names Should Be on Your Radar
TradingKey - After a multi-year slowdown, the IPO market is making a strong comeback — and 2025 is shaping up to be a banner year.TradingKey
8 hours ago
AMD Q2 FY2025 Earnings Review: Impressive Growth Stumbles on Export Control Hurdles
TradingKey - Advanced Micro Devices, Inc. (NASDAQ: AMD) released its Q2 FY2025 earnings on August 5, 2025, after market close, delivering robust results driven by record sales in its Data Center and Client segments. Despite a 32% YoY revenue increase, surpassing expectations, the stock dipped aroundTradingKey
Wed, Aug 6
MP Materials 2Q25 Earnings Preview: The New Stock Darling?
TradingKey - MP Materials will release its earnings for the second quarter of the fiscal 2025 on August 7th after the bell.TradingKey
Tue, Aug 5
Bank of England August Rate Decision Preview: Pound Likely to Enter a Fluctuation Phase
TradingKey - On 7 August 2025, the Bank of England (BoE) will announce its policy interest rate decision. The prevailing market view suggests a high likelihood of a 25-basis-point rate cut, lowering the benchmark rate from the current 4.25% to 4%.TradingKey
Mon, Aug 4
