Tesla Shares Surge: What's Driving the Latest Rally
Better-than-expected vehicle deliveries sent Tesla shares soaring.
Overview
Tesla (NASDAQ: TSLA) stock surged 7.5% over the past month, outpacing the S&P 500's 1.3% gains, as of this writing.
Tesla's shares got a boost from the company's better-than-expected electric vehicle (EV) deliveries, which reached 486,532 for the third quarter (ended Sept. 30), compared with Wall Street's consensus estimate of 461,100.
Details
While that was good news for current Tesla investors, the company's expensive valuations and EV headwinds should give potential buyers pause before loading up on Tesla stock.
Source
Originally published at www.fool.com.
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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.