Tesla just had its best reaction day rally since 2019

Tesla (NASDAQ:TSLA) is up about 16.6% today, after earnings report beat.

This is the best reaction day since Oct. 24, 2019, when it rallied 17.67%.

If the stock surpasses that, it would be its best reaction day since May 2013, when the stock rallied 24.40% on the full day.

The stock rallied over 11% before the bell after an impressive earnings report, where it reported that revenue was up 7.8% year-over-year in the third quarter to $25.18B. Also, its EPS was up to $0.72, compared to $0.60 consensus.

CEO Elon Musk said on the earnings call that the record low costs of producing a car helped boost the company’s margins, and that the Cybertruck finally achieved a positive gross margin.

The Tesla stock (TSLA) is up 0.10% year-to-date, and up 17.38% from a year ago.

Credits to Bespoke on X.com