Tesla Stock Soars 20%, Market Value Up $132 Billion on Strong Earnings

Oct 24, 2024, 04:45 PM

Tesla stock soared by 20% today, marking its largest single-day gain in history. The surge follows the company's third-quarter results, which exceeded Wall Street estimates. This jump has increased Tesla's market value by $132 billion, bringing its stock to a multi-year high. The gain is also Tesla's biggest since February 3, 2020, and its third-largest in history. The stock was up by 19% earlier, its biggest one-day gain since April, ultimately increasing the company's market cap by $126 billion.