Tesla's third-quarter net profit for 2024 was approximately $2.7 billion, making it the company's most profitable quarter since Q4 2022.

This increase in profit can be attributed to factors such as higher vehicle deliveries, lower production costs, and growth in the Energy Generation and Storage division.

During the months of July to September, Tesla produced around 470,000 electric vehicles, a 9% increase compared to the same period in 2023, and delivered approximately 463,000 vehicles, a 6% increase.

Although the year-to-date profits for 2024 stand at about $5.5 billion, this is lower than the profits reported in the same periods for 2022 and 2023.

Despite this, Tesla's shares experienced a surge of around 10% in the stock market.

Looking ahead, the company aims to achieve significant growth by projecting a 20% to 30% increase in vehicle sales for 2025, which will be supported by the introduction of new models.