Why did Tesla's shares surge the most in 11 years?

Tesla Inc. ’s shares surged the most in more than 11 years after the carmaker reported surprisingly strong earnings and forecast as much as 30% growth in vehicle sales next year. Third-quarter results were buoyed by Tesla turning a corner with the Cybertruck, which generated profit for the first time.

What happened to Broadcom & Tesla?

Broadcom’s fell to 4.4% from 6.3%, Tesla’s dropped to 3.9% from 4.9%, and Meta’s to 3.3% from 4.9%, according to the data. More than 200 exchange-traded products with some $540 billion in assets follow the Nasdaq 100 or one of its variations globally, an analysis by Bloomberg Intelligence show.

Is Tesla more than a car manufacturer?

Tesla becomes more than a sort of vehicle and battery manufacturing company at that point.” Tesla Inc.’s shares surged the most in more than 11 years after the carmaker reported surprisingly strong earnings and forecast as much as 30% growth in vehicle sales next year.

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