The EV maker under Elon Musk faces a big tab for future tech bets, putting more scrutiny on the company’s bottom line.

Tesla reported an 8% revenue increase in Q3 as its EV and energy segments expanded. Tesla, a trailblazer in electric vehicles, focuses on innovation across its core platforms: EV manufacturing, energy solutions,

Tesla stock soared after profits beat estimates and guidance was strong for 2025. Analysts see the report as a turning point after a tough first half.

Wall Street is holding steadier, thanks in part to a surge for Tesla’s stock. The S&P 500 was 0.2% higher in early trading Thursday and on track to break its first three-day losing streak since early September.

The surprise increase was the first since the electric-car maker’s earnings began to slide earlier this year as it turned to deep price cuts and other sales promotions to stimulate sales.