OREANDA-NEWS  By the end of the trading day on Wednesday, October 23, shares of the American automaker Tesla soared by 12 percent, adding $80 billion to the company's capitalization. The reason for this was a positive report for the third quarter that surprised investors and optimistic forecasts, writes Bloomberg.

In particular, an unexpected factor was the sale of the Cybertruck electric pickup, which made a profit for the first time. In general, the decline in sales in the first half of the year began to recede as demand recovered. Adjusted earnings per share were higher than analysts' forecasts for the first time in four quarters.

In addition, the head of the company, Elon Musk, in communication with investors, repeated the most daring forecasts. Among other things, he promised to make Tesla the most expensive company in the world and ensure a 20-30 percent supply growth next year.

The businessman confirmed the plan to launch mass production of the Cybercab robotaxi in 2026, in order to eventually reach the level of two million cars, and possibly four million. He added that more affordable models could be released next year, but closed the topic of competition with mass-market cars such as the Toyota Corolla.

According to Musk, an electric car for $ 25,000 would be meaningless, and the company should focus on unmanned vehicles worth about $ 30,000. Separately, the billionaire hinted that if Donald Trump wins the presidential election, which will be held on November 5, he expects to get a government position and use it to promote permits for the use of autonomous vehicles.

CFRA Research analyst Gareth Nelson noted that after the disastrous event two weeks ago dedicated to robotaxi, investors did not expect much from the third quarter, so the report surprised them and made them more supportive of the company.

At the same time, he doubts that the automaker will be able to maintain this height in the fourth quarter.