
Tesla's third-quarter 2024 deliveries fell short of expectations, leading to a decline in its stock price. Despite a quarterly increase in deliveries, the competition from rivals in China and Europe has impacted Tesla's performance. Analysts have updated their views following the Q3 results, highlighting challenges ahead. Gene Munster identified three potential hurdles for Tesla's growth. The company is gearing up for a significant Robotaxi event on October 10, where it is expected to unveil new models, including a cheaper car, a robo-van, and a robotaxi. The anticipation of this event has caused fluctuations in Tesla's stock, with some analysts predicting a potential rise to $260. Additionally, Tesla's Cybertruck has generated over $3 billion in revenue this year, though its production numbers have not met initial projections. Cybertruck deliveries reached 16,915 units, and it is expected to achieve profitability by the end of 2024.




























Rivian Deliveries in 2023: 50,122 Rivian Deliveries in 2024: 47,000 - 49,000 (company guidance)
Here’s my preview for next week’s $TSLA event. I expect it to be more about cars than robots. Most important topic is the timing of Model 2’s production, which I expect to begin late next year. Fingers crossed that the “more affordable” model that Elon has been talking about is…
Tesla's Q3 deliveries show a decrease, but company introduces new buy point for upcoming Robotaxi event. Meanwhile, $BYD stock surges following a sales boom. #Tesla #BYD #stockmarket $TSLA