Tesla Q3 Deliveries 'Step In The Right Direction': Analyst Says More 'Heavy Lifting' Needed From Elon Musk To Turn Growth Story Around
Portfolio Pulse from Chris Katje
Tesla's Q3 deliveries were 462,890 vehicles, slightly above consensus estimates, marking a return to delivery growth. Analysts see this as a positive step but note more work is needed. Upcoming catalysts include Robotaxi Day and Q3 financial results.
October 02, 2024 | 4:21 pm
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Tesla's Q3 deliveries exceeded expectations, marking a return to growth. Analysts see this as a positive step but expect more from Elon Musk. Upcoming events like Robotaxi Day and Q3 financial results are key catalysts.
Tesla's Q3 delivery numbers were slightly above consensus, which is positive, but analysts expected more. The stock is down due to 'buy on the rumor, sell on the news' behavior. Upcoming events like Robotaxi Day and Q3 financial results are crucial for future stock movement.
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