Tesla will invest $100 billion in Mcap; the electric car giant led by Elon Musk’s third-quarter profit increased 17%, and the stock price rose 19%

Tesla Inc. shares soared 19% after Elon Musk’s company reported earnings Thursday.

The electric car maker expects vehicle sales to grow 30% next year, according to Bloomberg.

The report quoted Tesla boss Elon Musk as saying: “My best guess is 20% to 30% growth next year.”