Among the bullish nuggets Musk shared included a prediction Tesla deliveries would grow by 25% to 30% next year and that he expects its self-driving taxi service to launch in California and Texas in 2025. Tesla’s after-hours rally equates to a whopping $81 billion in added market capitalization.

Tesla's strong Q3 results mark a turnaround which had experienced declines in both sales and profits during the first half of the year

After two not-great quarters, Tesla had a stronger Q3 2024, with growth in services, regulatory credits, and energy.

Before the report, analysts projected Tesla’s 2024 net income to come in more than 45% below 2022’s record as the company navigates between what it describes as “two major growth waves.”