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ToplineTesla delivered more vehicles through the third quarter than Wall Street anticipated, marking a reversal from a historic decline the previous quarter, as Elon Musk’s automaker appeared to benefit in the lead-up to a tax credit expiring for electric vehicle purchases.This is a developing story. Copyright 2025 The Associated Press. All rights reservedKey FactsTesla said Thursday it delivered 497,099 vehicles in the third quarter, above the company’s compiled consensus of 443,079 and economists’ project ...

The Tesla numbers now just hitting the tape. Here to break it down with us is Bloomberg Tech co-host Ed Ludlow. Ed, what are you seeing.Yeah, it's a massive B, almost 500,000 vehicles. And of course, the consensus was 440. This is an important moment in time because it's the bread and butter business.And remember, on November six, shareholders will vote on a compensation package that has a mandatory requirement for Elon Musk to deliver 20 million vehicles over a ten year term. It is a massive B. What I kept ...

Core Insights - The Magnificent Seven (Mag 7) tech stocks, including NVIDIA, Apple, Alphabet, Amazon, Meta, Microsoft, and Tesla, are facing pressure due to trade tensions, AI disruptions, and fluctuating demand [1] - The Roundhill Magnificent Seven ETF (MAGS) has declined by 16.7% year-to-date, with Tesla experiencing the most significant drop at 31.6% [2] Group 1: Netflix Performance - Netflix shares have increased by 23.7% year-to-date, outperforming the Mag 7 stocks [2][10] - The company reported strong Q1 2025 results, surpassing earnings estimates but slightly missing revenue targets [2] - Analysts have raised Netflix's earnings estimates for the upcoming quarter, with the June quarter estimate now at $7.05 per share, up from $6.22 [3] Group 2: Tesla Performance - Tesla reported disappointing Q1 2025 results, missing both earnings and revenue estimates, yet shares rose over 5% in after-hours trading due to CEO Elon Musk's optimistic outlook [4] - There has been no change in earnings estimates for Tesla in the past week, but seven out of ten analysts have lowered their estimates over the past month, with the June quarter estimate now at 57 cents, down from 63 cents [5] Group 3: Financial Metrics - Netflix's free cash flow (FCF) reached $2.661 billion in Q1, a 24.5% increase year-over-year and 93% from the previous quarter, with an FCF margin of 25.2% [7] - Tesla's forward price-to-earnings (P/E) ratio is 99.34X, while Netflix's is significantly lower at 44.77X, indicating that Netflix may be undervalued compared to Tesla [9][11] Group 4: Investment Opportunities - Investors interested in Netflix can consider ETFs that focus on the stock, such as T-Rex 2X Long NFLX Daily Target ETF and Direxion Daily NFLX Bull 2X Shares NFXL [12] - Other ETFs with significant Netflix exposure include MicroSectors FANG+ ETN, Invesco Next Gen Media and Gaming ETF, and First Trust Dow Jones Internet Index Fund [13]