Tesla soars as Musk expects EV volume growth next year
** Shares of EVmaker Tesla TSLA.O rise 10.3% to $235.59 premarket
** CEO Elon Musk says TSLA expects 20%-30% growth in vehicle volume in 2025; expects interest rates to decline, lowering monthly payments and making co's cars more affordable
** TSLA says on trackto make more affordable model, starting 1H25
** PeersLucid LCID.O, Rivian RIVN.O up 2% and 1.9%respectively, premarket
** Musk says Tesla has been testing ride-hailing with employees in Bay Area, expectsto launch service in California and Texas next year
** Shares of ride-hailing firms Uber LYFT.O and Lyft LYFT.O down 2% and 1.5%,respectively, premarket
** "Tesla bounced back from the underwhelming launch of its Robotaxi with a strong set of third-quarter earnings. A reminder that, for all its recent challenges, it is one of the few operators to genuinely make the manufacture of electric vehicles pay" - AJ Bell investment director Russ Mould
** TSLA down ~14% this year vs 21.5% increase in S&P index .SPX
Reporting by Akash Sriram in Bengaluru
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