Weekly Recap | Tesla -0.41%, Q3 deliveries beat estimates
Weekly Review·
- Tesla shares declined 0.41% over the week to close at $370.59 despite a strong rebound driven by a better-than-expected third-quarter delivery of 486,532 vehicles.
- The company's stock benefited from solid European demand, soft US employment data easing rate hike concerns, and increased trading volume.
- Market focus shifts to the upcoming October 21 financial results and margin performance, with institutional consensus maintaining a buy rating and a target price of $395.57.