TSLA Stock Rises 5% on Excitement About Model 3 Battery Upgrades

Shares of Tesla (TSLA, Financial) saw a notable rise, rising 5% with the stock trading at $254.97 per share. Trading volume reached 47.08 million shares with a turnover rate of 1.47% and volatility of 3.59%. Tesla's most recent financial report shows 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 rating institutions recommend buying Tesla shares, 36% recommend holding and 23% recommend selling. The automotive sector, which includes Tesla, saw an overall increase of 2.37%. In particular, related stocks such as XPeng, Canoo and Thunder Power Holdings recorded significant gains, while Mullen Automotive, Faraday Future and Canoo were very active with fluctuation 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) experienced significant volatility.

Tesla, a vertically integrated electric vehicle manufacturer and developer of autonomous driving software, offers a range of vehicles including luxury sedans, midsize sedans, crossover SUVs, light trucks and semi-trucks. The company plans to launch cheaper models and a sports car in the future. In 2023, Tesla's global deliveries easily exceeded 1.8 million vehicles. Tesla also provides residential and commercial fixed storage batteries, utility-scale solar panels, solar rooftops for power generation, and operates a fast charging network.

The recent stock rise is related to news regarding the Tesla Model 3 battery upgrade. According to a report from Zhongtai Securities, Tesla plans to introduce a new generation of CATL battery packs in 2025, with the aim of rolling them out within the next one to two years to make a core product. Meanwhile, Samsung SDI's third-quarter earnings posted a 46% sequential decline and a 72% year-over-year decline in operating profit, driven by a slowdown in the small battery market.