Tesla shares rose by 16.05%, reaching a mark of $251.10 in Thursday's trading. This happened after the manufacturer of electric vehicles announced the results of the third quarter, surpassing analysts' expectations.
The company reported that its revenue for this period amounted to $8.77 billion, exceeding the forecast by $1.63 billion. It was also announced about a cash influx of $1.39 billion. Some analysts noted positive changes in the company's expense structure.
"We are pleased to present strong results for the third quarter and continue to focus on increasing production and deliveries of our products," said a Tesla representative.
