Tesla Stock Volatility Continues Amid Mixed Q3 Earnings
Tesla's shares have surged over 90% since CEO Elon Musk announced plans to reduce his governmental responsibilities in April 2025, refocusing on the company. The rally, however, faced turbulence as Q3 earnings revealed a mixed performance. While revenues climbed 11.6% year-over-year to $28.09 billion, surpassing estimates by $1.39 billion, Non-GAAP EPS of $0.50 fell short by $0.06.
Investor sentiment soured pre-market, with shares dipping slightly. Jonathan Weber, a prominent investor, labeled the EPS miss unsurprising, citing Tesla's lofty valuation as a deterrent. 'The company isn’t an appealing investment at these levels,' he noted. Despite record EV deliveries of 497,099 units in Q3, skepticism lingers over sustainability.
The EV giant’s trajectory remains a litmus test for growth stocks, with volatility likely to persist as markets weigh execution risks against Musk’s renewed focus.
