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
€206.95
1.820%
Currently there is a rather positive sentiment for Tesla Inc with 72 Buy predictions and 29 Sell predictions.
As a result the target price of 240 € shows a slightly positive potential of 15.97% compared to the current price of 206.95 € for Tesla Inc.
