Tesla stock drops 3% after Q3 deliveries fall short of estimates

Published On Oct 2, 2024, 4:22 PM

Tesla's stock fell by 3% following the company's Q3 delivery numbers, which did not meet analysts' expectations. This underperformance is raising concerns about Tesla's growth trajectory as the electric vehicle market continues to become increasingly competitive. Investors are advised to monitor the next few quarters to see if these trends continue or if the company can rebound with improved delivery numbers.

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Stock Forecasts

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Negative

Given the recent delivery shortfall and resulting stock price dip, Tesla may experience short-term pressures as investors reassess growth expectations. However, if the company can improve its production and delivery performance in the upcoming quarters, there may be potential for recovery. Investors should watch closely for any updates from the company regarding future guidance and market conditions.

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