Tesla Just Missed on Its Delivery Target. Here's Why I Think the Stock Is Still a Buy.
Prior to its third-quarter earnings report, electric vehicle (EV) company (NASDAQ: TSLA) released vehicle production metrics. Tesla produced significantly fewer vehicles compared to the second quarter, and it also missed Wall Street estimates by a wide margin. Nonetheless, the company still has a lot of positive momentum, and now could be a great opportunity to scoop up some shares.
Earlier this week, Tesla published its production and delivery figures for the third quarter. The table below illustrates the company's production figures for Q3 2023 compared to the same period last year:
Source: Investor Relations Press Releases.
Source Fool.com
Tesla Inc Stock
€164.30
0.580%
Our community is currently high on Tesla Inc with 55 Buy predictions and 25 Sell predictions.
With a target price of 249 € there is a hugely positive potential of 51.55% for Tesla Inc compared to the current price of 164.3 €.
