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Tesla reports Q3 deliveries of 486,532 vehicles, beating estimates
Tesla reported third-quarter deliveries of 486,532 vehicles, exceeding Wall Street consensus estimates of approximately 462,000. This performance marks a potential recovery for the company following two years of declining sales, driven largely by a rebound in the European market. Notable growth was seen in France, Sweden, and Spain.
During the same period, Tesla produced 464,391 vehicles and deployed 13.7 gigawatt-hours of energy-storage products. Following the announcement, Tesla shares saw a significant increase, rising approximately 5%.
Financial analysts have responded with varying price targets for the next 12 months. UBS analyst Joseph Spak raised his target to $391, while Yorkville analyst Daniel Ives initiated coverage with an Outperform rating and a $500 target, citing potential in autonomous mobility, robotics, and software.
Entities
Daniel Ives · Joseph Spak · Tesla · UBS · Yorkville
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The company deployed 13.7 gigawatt-hours of energy-storage products in the third quarter. www.tokenpost.com
- [● 3 SOURCES] Third-quarter deliveries exceeded the Wall Street consensus estimate of approximately 461,974 vehicles. www.fool.com · www.marketbeat.com · www.tokenpost.com
- [○ 1 SOURCE] UBS analyst Joseph Spak raised his 12-month price target for Tesla to $391. www.tokenpost.com
- [○ 1 SOURCE] Yorkville analyst Daniel Ives initiated coverage with an Outperform rating and a $500 price target. www.tokenpost.com
- [● 5 SOURCES] Tesla delivered 486,532 vehicles in the third quarter. www.fool.com · www.marketbeat.com · www.tokenpost.com · rpm.bg · www.cnnbrasil.com.br
- [○ 1 SOURCE] Tesla produced 464,391 vehicles during the third quarter. www.tokenpost.com