Tesla jumps as EV giant surprises with deliveries forecasts
Updates
** Shares of Tesla TSLA.O jump 11.8% to $238.83 in after-hours trading
** CEO Elon Musk said he expects 20% to 30% vehicle growth next year
** Forecasts "slight growth" in deliveries this year
** Company's adjusted profit of 72 cents per share in Q3 beat est. of 58 cents - LSEG data
** TSLA's profit margin from vehicle sales, excluding regulatory credits, grew to 17.05% from 14.6% in the prior three-month period, according to Reuters calculations
** Musk says testing ride-hailing for employees in Bay Area, expects to roll out the service in Texas and California next year
** Uber UBER.N and Lyft LYFT.O down 2.5% and 2.8%, respectively
** TSLA revenue $25.18 bln vs est. of $25.37 bln
** Up to last close, stock down ~14% YTD
Reporting by Jaspreet Singh and Johann Cherian in Bengaluru
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