Tesla After Hours Nasdaq

Tesla's Stock Price Surges After Hours on Nasdaq

Tesla's stock price surged after hours on the Nasdaq on Monday, following the release of the company's better-than-expected fourth-quarter earnings report. The stock rose by more than 5% in after-hours trading, reaching a price of $185 per share.

The earnings report showed that Tesla had a strong fourth quarter, with revenue of $24.3 billion and earnings per share of $1.19. This beat analysts' estimates of $23.7 billion in revenue and $1.13 in earnings per share.

Tesla's Stock Price Has Been on a Roller Coaster Ride in Recent Months

Tesla's stock price has been on a roller coaster ride in recent months. The stock hit a high of $215 per share in November 2021, but it has since fallen by more than 30%. The stock has been under pressure due to concerns about the company's production targets, supply chain issues, and competition from other electric vehicle makers.

However, Tesla's stock price has rebounded in recent weeks on the back of positive news about the company's production and deliveries. The company is expected to deliver more than 1 million vehicles in 2023, up from 936,000 vehicles in 2022.

Tesla's Earnings Report Was a Positive Sign for the Company's Future

Tesla's earnings report was a positive sign for the company's future. The company is generating strong revenue and earnings, and it is investing heavily in new products and technologies. Tesla is also expanding its production capacity and its global presence.

Tesla's stock price is still volatile, but the company's long-term prospects are bright. The company is a leader in the electric vehicle market, and it is well-positioned to benefit from the growing demand for electric vehicles.