Tesla (TSLA) posted mixed third quarter results, with adjusted earnings of $0.72 per share surpassing the estimated $0.60, while revenue of $25.18 billion fell short of the $25.43 billion expected. Despite this, the automaker provided an optimistic forecast, projecting 20-30% growth for 2025. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives tells Morning Brief that margins were crucial this quarter. “That’s been a huge part of the overhang on this story. They beat by 200 bps (basis points). Price cuts in the rearview mirror. And when you combine that with that growth forecast, I think whisper numbers called ten, eleven percent. They gave twenty and thirty percent. It’s an Aaron Judge-like quarter,” Ives states. Ives predicts Tesla will launch an affordable EV priced under $30,000, boosting company revenues — a factor he believes is reflected in the growth forecast. While acknowledging a “painful year” for EV demand, he anticipates a “renaissance of growth” in 2025, driven by advances in AI and autonomous driving technologies. Regarding the upcoming US election’s impact on the EV market, Ives tells Yahoo Finance: “I do believe if Trump gets elected second term, it’s bearish for EVs… but I do believe that it’s bullish for Tesla.” To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith