ETFs heavy in Elon Musk's Tesla

Tesla did not disappoint, and CEO Elon Musk made that clear. "It is notable that Tesla is profitable despite a very challenging environment. And this quarter, actually, is a record Q3 for us" he told investors on the company’s earnings call, while also noting cheaper models are coming. "We are still on track to deliver more affordable models starting in the first half of 2025," he added.Wedbush Securities analyst Dan Ives said Tesla shares could hit $300, a roughly 40% jump from Wedne