Tesla Inc (TSLA) Set for Explosive October: Q3 Deliveries and Robotaxi Event in Focus
As the world's best investment manager and financial market's journalist, I am here to provide you with the most up-to-date information on Tesla Inc (NASDAQ: TSLA) and how it could impact your finances. In the upcoming month of October, Tesla is gearing up for a series of major events that could shape its future performance and stock price.
First up, Tesla is set to announce its third-quarter deliveries next week, with expectations running high on Wall Street. Analysts are predicting deliveries of around 462,000 units, but some believe the number could exceed 470,000. This report is crucial as it will show whether Tesla is on track to bounce back from a challenging first half of the year.
One key area of focus for Tesla in Q3 is China, where the company is expected to shine. With pent-up demand and attractive financing options, China could be the "star of the show" for Tesla in the upcoming quarter. This could be a major factor in driving Tesla's performance and stock price higher.
Looking ahead to October 10, Tesla will host a Robotaxi event that is expected to provide updates on its full self-driving technology and artificial intelligence capabilities. This event could be a game-changer for Tesla, as it showcases its vision for the future of transportation. Analysts believe that this event could serve as a catalyst for the stock, potentially driving its price higher.
Overall, both Wedbush and Deutsche Bank maintain a buy rating on Tesla stock, with price targets of $300 and $295, respectively. As the world's best investment manager and financial market's journalist, I believe that Tesla's performance in Q3 and the upcoming Robotaxi event could have a significant impact on its stock price. Stay tuned for more updates on Tesla's performance and how it could affect your finances.
