Tesla Q3 Deliveries Let Bulls Down, But One Analyst Sees 'Better Days Ahead In Q4 And 2024'
Portfolio Pulse from Chris Katje
Ahead of Tesla's Q3 earnings, Wedbush analyst Daniel Ives predicts better days in Q4 and 2024 despite disappointing Q3 deliveries. Ives highlights the importance of margins and outlook, and expects a shift of around 20,000 units into Q4. He also mentions the ongoing price war in China and the need for a change in strategy. Tesla shares are up 1.2% to $254.20 on Monday.

October 16, 2023 | 8:01 pm
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Tesla's disappointing Q3 deliveries could lead to better Q4 results, according to Wedbush analyst Daniel Ives. He also highlights the importance of margins and the ongoing price war in China.
The news directly pertains to Tesla and its stock performance. The analyst's positive outlook for Q4 and 2024, despite disappointing Q3 deliveries, could potentially boost investor confidence and positively impact the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100