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00:02Tesla shares jumped 22% on Thursday, closing above $260,
00:06following the company's better-than-expected earnings report.
00:09The stock saw its largest single-day gain since 2013,
00:12erasing its losses for the year and pushing the stock up 3% for the year.
00:17Tesla's revenue slightly missed expectations, but earnings per share exceeded analysts' estimates,
00:22with both figures showing growth compared to the previous year.
00:25JPMorgan analysts credited the surprising earnings beat to investors' expectations of
00:30missed targets. Tesla's earnings were boosted by regulatory credits,
00:34which JPMorgan analysts noted as a potentially unsustainable factor.
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