TSLA Rally Continues on Record 3Q Deliveries, AAPL Price Target Hike

Tesla - Tesla reported delivery numbers of approximately 497,000 vehicles, exceeding street expectations of around 447,000, marking a year-over-year growth of about 7.3% and the best quarterly deliveries ever [2][7] - The majority of deliveries, approximately 481,000, were from the Model 3 and Model Y, indicating strong demand for these models [3] - Energy deployment reached a record of 12.5 gigawatts of energy storage production in the third quarter, also marking the highest quarterly output for Tesla [4] - Tesla's production numbers for vehicles were around 447,000 in the third quarter, which, while not record-setting, still demonstrates strong performance compared to competitors [4][5] - Competitors like Nio, Li Auto, and Xpeng combined delivered roughly 115,000 units for the quarter, highlighting Tesla's dominance in the EV market [5][6] - If Tesla can replicate the third quarter delivery figures in the fourth quarter, it would be on track to meet the annual target of approximately 1.8 million deliveries [7][8] - The positive delivery numbers have contributed to a significant increase in Elon Musk's net worth, now estimated at $500 billion [9][10] Apple - Apple is facing mixed news, with reports indicating a halt in the planned overhaul of the Vision Pro to redirect resources towards developing competitive smart glasses [11][12] - Morgan Stanley raised its price target for Apple shares from $240 to $298, citing stronger-than-expected sales for the iPhone 17 [12] - UBS noted that peak demand for the iPhone 17 base model may have already passed, with wait times starting to ease, which could indicate a decline in consumer enthusiasm [14] - Despite the mixed signals, Apple shares have shown a recovery trend over the past several months, with UBS maintaining a neutral rating and a price target of $220 [15]