Tesla Beat Delivery Estimates by 25,000 Vehicles. Here's Why the Stock Still Hasn't Broken Out.
Most investors are looking at something beyond the company's existing EV business.
Overview
By most measures, Tesla (NASDAQ: TSLA) stock should be soaring, particularly given its subpar performance this year so far.
Yet, it isn't. Despite delivering 486,532 electric vehicles (EVs) in Q3 versus analysts' consensus estimate of only 461,974, shares of this EV outfit have barely budged since last Friday's report.
Details
What gives? A couple of things, chief among which is that the market no longer cares much about the company's EV business. Tesla is now first and foremost an AI robotics company with a robotaxi side hustle. It's just barely commercialized the latter and not yet commercialized the former at all.
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.