Tesla exceeded Wall Street’s expectations with its third-quarter profits, reporting $0.72 in adjusted earnings per share and $25.18 billion in revenue. This marks the first year-over-year profit growth in 2024, ending a streak of declines. Tesla’s sales and net income rose by 8% year-over-year. The company also anticipates slight growth in vehicle deliveries this year, contrary to forecasts. Following the earnings release, Tesla’s shares surged by 12%. Elon Musk predicted a 25-30% increase in deliveries next year and the launch of a self-driving taxi service in California and Texas by 2025.