China Holds Lending Rates Steady Amid Global Oil Price Surge and Middle East Tensions 
Gold Prices Stabilize in Asian Trade Amid Rate Uncertainty and Iran War Concerns 
Dollar Weakens as Middle East War Reshapes Global Rate Expectations 
Asian Currencies Rebound as Dollar Weakens, BOJ Holds Rates 
Qatar's Economy Under Pressure: How Regional Conflict Could Reshape Global Investment in 2026 
Oil Prices Slide as U.S. Eyes Iranian Supply Relief Amid Middle East Tensions 
Asian Currencies Slide as Oil Prices Surge Amid U.S.-Israel-Iran Conflict 
BOJ Holds Interest Rates Steady Amid Middle East Uncertainty 
Saudi Arabia Warns Oil Prices Could Surge Past $180 a Barrel Amid U.S.-Israel-Iran Conflict 
US-Iran War: Trump Eyes Military Exit as Markets React to Potential De-escalation 
U.S. Stock Futures Steady as Wall Street Retreats on Oil Volatility and Fed Rate Outlook 
Iran War Fears Send Oil Prices Surging as U.S. Weighs Ground Troop Deployment 
Gold Prices Extend Losing Streak, On Track for Worst Weekly Loss Since 1983 
Asian Markets Mixed as Oil Volatility and Inflation Fears Weigh on Sentiment 
Israel Defies Trump's Warning, Launches New Strikes on Iran Amid Growing Global Energy Crisis 
Japan's Parliament Backs Dovish BOJ Board Members, Raising Questions on Rate Hike Path 
U.S. Markets Post Fourth Straight Weekly Loss Amid Middle East Escalation 
Tesla Beats Q3 Estimates, Forecasts 2024 Delivery Growth
Tesla delivered third-quarter results that exceeded Wall Street expectations, reflecting improved margins and stronger automotive sales. Despite challenges in the electric vehicle (EV) market, Tesla predicts "slight" growth in vehicle deliveries for 2024.
Q3 Earnings Surpass Expectations
For Q3, Tesla reported adjusted earnings per share (EPS) of $0.72 on revenue of $25.18 billion, beating analysts' forecast of $0.60 EPS, though revenue slightly missed the $25.4 billion estimate. Tesla shares rose by over 8% in after-hours trading.
The company’s automotive sales reached $20.02 billion, up from $19.63 billion in the same period last year. Additionally, gross margins, excluding regulatory credits, improved to 17.05%, up from 14.7% in the previous quarter.
Energy Business Hits New Record
Tesla's energy division posted a record gross margin of 30.5% in Q3, driven by increased Powerwall deployments, despite lower Megapack volumes. The company expects energy storage deployments to double year-over-year in 2024.
Services and Future Outlook
Tesla’s services and other business sectors saw a gross profit surge of over 90% year-on-year in Q3. Moving forward, the EV maker is preparing to introduce new, more affordable vehicles by the first half of 2025.
Although Tesla's stock has declined 14% this year amid concerns over demand and competition in China, the company remains optimistic about future growth.
