The Tesla Rollercoaster: What's the Latest Buzz?
As a trader or investor, keeping an eye on the latest developments is crucial. One of the hottest topics in recent times has been Tesla, the electric vehicle heavyweight led by the charismatic Elon Musk. This quarter has been quite a ride for Tesla, marked by several rounds of price cuts. Despite the challenges, Tesla's stock managed to finish the quarter in the green.
 |
TSLA: Tesla to Report Quarterly Deliveries Today, Analysts Trimmed Estimate to 450K |
Tesla recently reported its delivery numbers for the third quarter, and it seems analysts weren't overly optimistic, trimming their sales estimates from nearly 473,000 to 462,000 vehicles. However, it's worth noting that Tesla has a track record of surprising forecasts. In the previous quarter, Tesla defied expectations, delivering 466,000 vehicles.
Despite facing headwinds in the form of price cuts, Tesla's stock wrapped up the September quarter with a modest 2% gain. Impressively, the company has achieved a staggering 130% year-to-date increase, pushing its valuation to just under $800 billion.
Tailwinds Amidst the Challenges
Amidst the challenges, Tesla had some positive moments during the quarter. In mid-July, the stock hit a 2023 high when Tesla announced the production of its first Cybertruck. Looking ahead, the undisputed leader in the electric vehicle sector is set to report its third-quarter earnings on October 18, a date keenly awaited by investors.
0 Comments