Tesla Shares Surge 21.92% After Strong Earnings Report, Largest Gain Since 2011

Oct 24, 2024, 08:08 PM

Tesla 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. The stock closed at $260.48, up 21.92%, marking its second-largest percentage gain in history and adding $149.3 billion to its market cap, a single-day record. This rise represents the largest one-day gain since 2011.