Why Tesla's Growth Isn't Slowing
- by Seeking Alpha
- Oct 28, 2024
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Summary
Tesla's Q3-2024 automotive revenue reached $20.016 billion, showing resilience despite seasonal demand shifts and macroeconomic fluctuations.
Energy revenue surged 174.4% over ten quarters, highlighting Tesla's growing focus on diversified revenue beyond automotive sales.
Services revenue, including maintenance and insurance, grew by 90.3% in Q3-2024, strengthening customer loyalty and lifetime value.
Supercharger stations increased by 68.9% YoY, with 6,706 stations, supporting customer satisfaction and easing EV range anxiety.
Cybertruck launched successfully with over 16,000 units sold in Q3-2024, positioning Tesla in the lucrative truck segment.
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Yiannis Zourmpanos, founder of Yiazou IQ, an AI-driven stock research platform providing all-in-one stock reports. Experience: Previously worked at Deloitte and KPMG in external/internal auditing and consulting. Education: Chartered Certified Accountant, Fellow Member of ACCA Global, with BSc and MSc degrees from U.K. business schools. Investment Style: We focus on GARP/Value stocks—high-quality, reasonably priced businesses with strong moats and significant growth potential. We prioritize fundamentals and seek stocks trading at a discount to intrinsic value, with a clear margin of safety. Our long-term approach (5-7 years) aims for wealth accumulation through compounding while emphasizing downside protection and sometimes taking contrarian views during market uncertainties.
Analyst’s Disclosure:
I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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