Why Tesla Stock Jumped on Thursday

Daniel Sparks, The Motley Fool
·1 min read
Why Tesla Stock Jumped on Thursday
Why Tesla Stock Jumped on Thursday

Shares of Tesla (NASDAQ: TSLA) jumped by as much as 5.3% on Thursday morning following its third-quarter earnings release. Both Tesla's revenue and non-GAAP earnings per share for Q3 easily beat analysts' consensus forecasts. Non-GAAP (adjusted) earnings per share of $0.76 likewise handily beat analysts' average forecast of $0.57.