Elon Musk Highlights Tesla's Q3 Revenue Growth with One Simple Word

Elon Musk, the CEO of Tesla Inc. (TSLA), recently made headlines by sharing significant insights into Tesla's increasing revenue.

What Happened: On Saturday, Musk took to the social media platform X to reveal a timeline showcasing Tesla's third-quarter revenue growth from the year 2010 to 2024. His tweet illustrated a remarkable rise, showing that Tesla's third-quarter revenue had surged to $25.2 billion in 2024, a significant jump from just $31.2 million in 2010.

The entrepreneur's reaction to these impressive figures was simply a single word: “Progress.”

Recent Earnings Report: This announcement emerged shortly after Tesla released its third-quarter earnings report, which indicated a revenue of $25.18 billion. However, this figure was slightly below the analysts' consensus estimate of $25.37 billion, as noted by data from financial analysis service Benzinga Pro.

Why This Growth Matters: Despite the minor revenue shortfall, Tesla's performance showcased an 8% increase compared to the same period last year. This upward trend resonates with Musk’s earlier post, which celebrated the company's consistent annual revenue growth.

Tech analyst Dan Ives had predicted prior to the reporting of Tesla’s Q3 deliveries that the company’s delivery figures would surpass market expectations, thereby reinforcing the sentiment that “mojo is back at Tesla.”

Image via Flickr

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This article was created to provide insights into Tesla's growth and will be continuously updated with new developments.

Elon, Musk, Tesla