Tesla snaps streak of profit misses with the biggest beat in more than 2 years

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It’s no wonder Tesla’s stock is acting like investor were pretty surprised that profit beat expectations, since it was the first beat in five quarters.

And the margin of the Q3 beat, with the results (72 cents) being 22% above expectations (59 cents), is the widest since Q2 2022, when EPS beat expectations by 31%.

The stock was now up 9.2% in recent after-hours trading, the highest price seen during regular-session hours since Oct. 10, or just before the disappointing robotaxi event.

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