3 Numbers That Could Push Tesla's Stock Higher This Week
Tesla is expected to announce third-quarter delivery data on Oct. 2.
Overview
Tesla (NASDAQ: TSLA) is expected to release its third-quarter delivery figures later this week. Wall Street can't make up its mind about what investors should expect.
Analyst estimates range from 421,758 to 482,000 deliveries. Last quarter, Tesla missed consensus estimates by roughly 60,000 units, so the low end of that range is certainly in play. Two banks -- Goldman Sachs and JPMorgan Chase -- recently cut their forecasts ahead of the release.
Details
This creates the opportunity for Tesla to exceed expectations. There are three ways for it to surprise the market, any of which could send shares sharply higher.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.