Tesla reported Q3 deliveries of 430,000 vehicles, below Wall Street estimates of around 455,000. Despite the miss, Tesla stock rose slightly as analysts remain bullish on demand and future products like the Cybertruck. Many think the delivery shortfall was due to temporary factory shutdowns. Most analysts remain bullish on Tesla with Buy ratings and price targets around $300. They believe Tesla is well-positioned amid macro uncertainty. The delivery miss doesn't seem to dent Wall Street's optimism given expectations for new vehicles and demand trends.
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00:00 It's Benzinga and here's what's on the block.
00:03 Tesla reported Q3 deliveries of 430,000 vehicles below Wall Street estimates of around 455,000.
00:11 Despite the miss, Tesla's stock rose slightly as analysts remain bullish on demand and future
00:15 products like the Cybertruck.
00:17 Many think the delivery shortfall was due to temporary factory shutdowns.
00:22 Most analysts remain bullish on Tesla with buy ratings and price targets of around $300
00:26 a share.
00:27 They believe Tesla is well positioned amid macro uncertainty.
00:31 The delivery miss doesn't seem to dent Wall Street's optimism given expectations for new
00:35 vehicles and demand trends.
00:37 For all things money, visit Benzinga.com.
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