Yahoo Finance | Analyst on Tesla deliveries: 'Patient is stabilized' @YahooFinance | Uploaded 1 week ago | Updated 4 hours ago
Tesla (TSLA) stock is facing downward pressure after falling short of it's highly anticipated third-quarter delivery expectations. The company reported 462,890 deliveries, slightly below the Bloomberg estimate of 463,897. William Blair group head of energy and sustainability research sector Jed Dorsheimer joins Morning Brief to discuss his outlook on the automaker. Dorsheimer notes that the growing optimism in delivery estimates on Wall Street was closely tied to Tesla's rising stock price. Consequently, he says, "it's not surprising to see a pullback" now that the numbers have missed expectations. Despite this setback, Dorsheimer points out that this quarter demonstrates Tesla's stabilization ahead of "some key catalysts" for the business, including the upcoming robotaxi event and the Shanghai energy business. Importantly, Dorsheimer emphasizes the significance of Tesla's energy business and its potential impact on the company's future growth. He states, "Our grids are stressed to the max right now and that's a global statement. And so looking at Megapack as a solution for a portion of that, that demand in our opinion could be as much as what we're seeing on the vehicle side."
#stockmarket #stocks #TESLA
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Tesla (TSLA) stock is facing downward pressure after falling short of it's highly anticipated third-quarter delivery expectations. The company reported 462,890 deliveries, slightly below the Bloomberg estimate of 463,897. William Blair group head of energy and sustainability research sector Jed Dorsheimer joins Morning Brief to discuss his outlook on the automaker. Dorsheimer notes that the growing optimism in delivery estimates on Wall Street was closely tied to Tesla's rising stock price. Consequently, he says, "it's not surprising to see a pullback" now that the numbers have missed expectations. Despite this setback, Dorsheimer points out that this quarter demonstrates Tesla's stabilization ahead of "some key catalysts" for the business, including the upcoming robotaxi event and the Shanghai energy business. Importantly, Dorsheimer emphasizes the significance of Tesla's energy business and its potential impact on the company's future growth. He states, "Our grids are stressed to the max right now and that's a global statement. And so looking at Megapack as a solution for a portion of that, that demand in our opinion could be as much as what we're seeing on the vehicle side."
#stockmarket #stocks #TESLA
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: instagram.com/yahoofinance/?hl=en
TikTok: tiktok.com/@yahoofinance?lang=en
Facebook: facebook.com/yahoofinance
LinkedIn: linkedin.com/company/yahoo-finance
