Tesla Q3 preview: Where's the cheap EV, and other questions investors want answered

Published On Oct 23, 2024, 2:29 PM

Tesla is set to report its third quarter earnings, and investors are eager for insights on the company's plans for a more affordable electric vehicle (EV), details about its robotaxi rollout, and developments in AI and robotics. The company recorded a slight increase in vehicle deliveries compared to the previous quarter but fell short of Wall Street's expectations. Analysts are particularly focused on whether Tesla can successfully launch a lower-priced EV, as CEO Elon Musk has suggested that this could significantly boost sales. Overall, there is a cautious sentiment among investors after a highly anticipated event that lacked detailed new information.

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Stock Forecasts

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Negative

Given the anticipated results and the mixed expectations surrounding the launch of a cheaper EV and robotaxi details, Tesla's stock is likely to continue facing volatility. The slight miss in delivery expectations may impact short-term investor sentiment negatively, especially if the earnings call does not provide substantial clarity on future product launches and performance metrics.

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