Tesla Stock Soars on Strong Q4 Earnings and Growth Outlook

Tesla's stock rose sharply on Monday following the release of its Q4 earnings report, which showed impressive revenue growth and a positive outlook for the company's future. The electric vehicle maker reported Q4 revenue of $13.8 billion, up from $10.7 billion in the same period the previous year, and beat Wall Street expectations.

Investors were particularly pleased with Tesla's outlook for the rest of 2023, as the company forecasted continued growth and expansion into new markets. Tesla also announced plans to build new factories in both the US and Europe, which could further drive growth in the coming years.

The strong earnings report and positive outlook for the company sent Tesla's stock up nearly 8% on Monday, making it one of the day's biggest gainers on the stock market.