Shares of Tesla (TSLA, Financial) had a notable rise, rising 5% with shares trading at $254.97 per share. Trading volume reached 47.08 million shares with a turnover rate of 1.47% and a volatility of 3.59%. Tesla’s latest financial report reveals quarterly revenue of $25.182 billion and net income of $2.167 billion, resulting in earnings per share of $0.68 and gross profit of $4.997 billion. The price-earnings ratio is 69.84.

In terms of analyst ratings, 41% of the 58 institutions offering ratings recommend buying Tesla shares, 36% recommend holding shares, and 23% recommend selling. The auto manufacturing sector, which includes Tesla, saw an overall increase of 2.37%. In particular, related stocks such as XPeng, Canoo and Thunder Power Holdings showed significant gains, while Mullen Automotive, Faraday Future and Canoo were very active with turnover rates of 20.01%, 14.17% and 10.80% respectively. Canoo Inc C/Wts 21/12/2025 (To Pur Com), Thunder Power Holdings and Gogoro Inc C/Wts (To Pur Com) showed significant volatility.

Tesla, a vertically integrated electric vehicle manufacturer and autonomous driving software developer, offers a range of vehicles including luxury sedans, midsize sedans, crossover SUVs, light trucks and semis. The company plans to introduce more affordable models and a sports car in the future. In 2023, Tesla’s global deliveries were just over 1.8 million vehicles. Tesla also provides fixed batteries for residential and commercial use, utility-scale solar panels, solar roofs for power generation, and operates a fast-charging network.

The recent price increase is related to news about the battery upgrade of the Tesla Model 3. According to a report from Zhongtai Securities, Tesla plans to introduce a new generation of battery packs manufactured by CATL in 2025, with the aim of one within the next into a core product for up to two years. Meanwhile, Samsung SDI’s third-quarter earnings showed a 46% sequential decline and a 72% year-on-year decline in operating profit, impacted by a slowdown in the small battery market.