Now, Tesla posted record deliveries in the third quarter, coming in at nearly half a million vehicles for the three months ending in September. Better than expected, but the company shares tracked lower after the numbers amid concerns those figures were skewed by the impact of the expiry of the US tax credit on electric vehicles, which the automaker used to drive a sales campaign in the period. Year-to- date Tesla deliveries are down 6%.Meanwhile, Steve. Right. Meanwhile, a group of Tesla shareholders have ...

Core Viewpoint - The discussion highlights the mixed sentiment surrounding Tesla's stock performance, particularly in light of the anticipated loss of EV credits and the company's ongoing developments in energy storage and robo-taxi services. Group 1: Stock Performance and Market Sentiment - Tesla shareholders have been aware of the impending loss of EV credits, leading to a pull forward in sales expectations, which has now been recognized in the stock price [2] - Despite record sales, Tesla's sales and earnings have declined over the past year and a half, raising concerns about margin pressure [4] - Investors continue to view Tesla as a high-growth company, which supports its stock price despite eroding fundamentals [5][6] Group 2: Energy Storage and Power Generation - Tesla's energy storage segment reported over $800 million in gross profits year-over-year, indicating significant growth potential in power generation [3] - The company is seen as having a "Trojan horse" opportunity in the power generation market, which could be a key growth driver in the future [3] Group 3: Robo-Taxi Business - The profitability of the robo-taxi business is highlighted, with the potential for a single robo-taxi to be more cost-effective than multiple Whimos [9] - There is optimism about the upcoming transition to unmanned robo-taxis in Austin and potentially San Francisco, which could serve as a catalyst for growth in this vertical [10] - The competitive pricing of robo-taxis compared to traditional ride-hailing services like Uber and Lyft is expected to attract consumer attention as the service expands [10]

Core Viewpoint - Tesla is experiencing a significant increase in stock price and positive analyst revisions, particularly from Canaccord, which raised its price target to $490 from $333, citing rising delivery estimates and upcoming new models as key factors for growth [3][4][10]. Group 1: Tesla's Stock Performance - Tesla shares have risen over 60% since early June, with a month-to-date gain of approximately 31% [1][5]. - The average price target for Tesla has increased by $33 over the past month, now sitting at around $350 per share [4]. - Tesla is on track for one of its best months on record, with only May 2013 showing a stronger performance [6][7]. Group 2: Analyst Insights - Canaccord's bullish stance is supported by data from 30 countries indicating rising deliveries, marking a positive trend after several quarters of weakening momentum [3][9]. - The firm anticipates that new electric vehicle models will be announced soon, which could further enhance global sales momentum [4]. - Wedbush analyst Dan Ives has the highest price target for Tesla at $600, reflecting a wide range of opinions on the stock [8]. Group 3: Market Context - The current trading environment shows mixed results for electric vehicle stocks, with Tesla under pressure alongside Rivian, while BYD has seen a modest increase of 1.4% [2]. - The impending expiration of the $7,500 electric vehicle tax credit is a critical factor influencing buyer behavior and market dynamics [1][10].