Tesla Analyst Says 'Business Before Pleasure' With Third Quarter Deliveries Report Ahead Of Robotaxi Day
Portfolio Pulse from Chris Katje
Tesla is set for a significant October with third-quarter deliveries, earnings, and Robotaxi Day. Analyst George Gianarikas from Canaccord Genuity advises focusing on delivery figures before Robotaxi Day. He has adjusted his delivery estimates slightly downward but remains optimistic about Tesla's performance.
September 13, 2024 | 6:08 pm
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Tesla's third-quarter delivery figures are crucial ahead of Robotaxi Day. Analyst George Gianarikas has adjusted delivery estimates slightly downward but remains positive about Tesla's performance. Margins may be lower due to aggressive demand strategies.
The analyst's focus on delivery figures suggests they are a critical metric for investors. Despite a slight downward adjustment in estimates, the analyst maintains a positive outlook, indicating a neutral short-term impact. The mention of potential lower margins due to aggressive demand strategies could offset positive delivery news.
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