1 Terrible Surprise From Tesla's Earnings Call Wednesday
's (NASDAQ: TSLA) stock price dropped in after-market trading on Wednesday following its earnings announcement after the market closed. The results for the third quarter were mixed. Revenues beat expectations, but profits were below analyst projections.
There was one fatal flaw in the report that likely led to shares falling in value after the announcement.
Robotaxis will be the biggest growth driver for Tesla in the coming years. At least that's what many analysts covering the stock are forecasting. Major Tesla shareholder Cathie Wood, for example, thinks that robotaxis will ultimately account for 90% of Tesla's enterprise value. Wedbush analyst Dan Ives, meanwhile, thinks robotaxis could add $1 trillion to Tesla's valuation by the end of 2026.
Source Fool.com
Tesla Inc Stock
Our community is currently high on Tesla Inc with 104 Buy predictions and 40 Sell predictions.
With a target price of 399 € there is a slightly positive potential of 16.72% for Tesla Inc compared to the current price of 341.85 €.
