Tesla stock entering its next growth wave: Analyst

In This Article:

Tesla CEO Elon Musk is always full of surprises. His latest one came in the form of a surprisingly strong third quarter earnings report and very upbeat earnings call. Musk is full steam ahead, outlining a significant ramp in production for 2025 and eyeing the start of a ride-hailing platform. What’s more, Tesla (TSLA) continues to rake in big bucks from full self-driving technology and expects humanoid robots to be a large contributor to the business in the not-too-distant future. Yahoo Finance Executive Editor Brian Sozzi sits down for an in-depth conversation with Bank of America senior automotive analyst John Murphy. Murphy – who joined the Automotive Hall of Fame in 2023 – shares his bullish outlook on Tesla after the company shocked most on Wall Street with its third quarter earnings results. The veteran analyst is modeling for double-digit percentage sales and earnings growth in 2025 and 2026 as Musk’s efforts gain hold.

For full episodes of Opening Bid, watch on our website or listen on your favorite podcast platform.