Tesla (NASDAQ:TSLA) just delivered a jolt to investors, surging nearly 17% after crushing third-quarter expectations in its best rally since 2019. Revenue hit $25.2 billion, climbing 8% from last year, while earnings per share jumped to $0.62, topping Wall Street's $0.60 forecast. Elon Musk credited record-low production costs and the Cybertruck finally turning a profit for the results. With net income up 17% to $2.17 billion, driven by booming regulatory credit sales and a strong performance in Tesla's energy business, it's clear the company's comeback is in full swing.

• Warning! GuruFocus has detected 4 Warning Sign with TSLA.

Musk laid out a bold vision on the earnings call, setting the stage for 20% to 30% vehicle growth by 2025. Forget the $25,000 budget carit's off the table. Instead, Tesla's focusing on affordable versions of its existing lineup, priced below $30,000 after subsidies, hitting the market by mid-2025. The real game-changer? A dedicated robotaxi is in the works, and Musk is doubling down on autonomy with plans to roll out "Full Self-Driving" to a test fleet next year, before a wider launch.

Tesla's global momentum is picking up, with a significant boost from China, even as high interest rates create some headwinds. The clock is ticking for a strong fourth-quarter push to outpace last year's deliveries. But with over $10 billion in capital investments aimed at AI and autonomous tech, Tesla's core automotive business isn't just driving profitsit's funding Musk's next big bets on the future of mobility.

This article first appeared on GuruFocus.