Tesla (NASDAQ:TSLA), as expected, announced record deliveries of 343,830 vehicles in Q3. However, this fell short of Street’s estimates of about 364,000. Wedbush analyst Daniel Ives believes this shortfall will not sit well with Street. This may hurt TSLA stock, which is down about 25% year-to-date. Ives stated, “While the reasoning (in the PR) from Tesla makes sense on paper, the Street will not be convinced and lingering worries about demand issues will persist until we hear around year-end unit guidance on Tesla’s conference call October 19th.”  Notably, Tesla highlighted that the third quarter faced delivery challenges at reasonable costs.
https://www.tipranks.com/news/article/teslas-nasdaqtsla-q3-deliveries-fell-short-now-what?utm_source=advfn.com&utm_medium=referral
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Nov 2022 to Dec 2022 Click Here for more Tesla Charts.
Tesla (NASDAQ:TSLA)
Historical Stock Chart
From Dec 2021 to Dec 2022 Click Here for more Tesla Charts.