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Aditya Raghunath

Tesla Soars to Its Biggest Gain in 11 Years, But is the EV Stock a Buy?

Elon Musk Tesla Inc. Wall Street United States

Shares of Tesla (TSLA) are up over 20% today, and on pace for their biggest daily gain in over a decade, after the electric vehicle (EV) manufacturer beat earnings estimates in Q3 of 2024. Moreover, Tesla CEO Elon Musk also provided optimistic guidance for vehicle deliveries in 2025.

If the shares can hang onto today's massive intraday gains through the close, TSLA stock could lock in its biggest daily gain since May 2013, when the shares exploded 24% in one day as Wall Street reacted to the EV company's first-ever profitable quarter.

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One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Appeals court reverses convictions in kidnapping and terrorism case involving 3-year-old boy's death

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