Reported 14 days ago
Tesla's stock has surged over 35% in the last three months, driven by expectations for its Q3 earnings report on October 22, following nearly 500,000 vehicle deliveries in the quarter, a 7% year-over-year increase. Despite the momentum, analysts caution that the stock may be overvalued at 370 times forward earnings, with a consensus 'Hold' rating as competition and the end of EV tax credits pose challenges. Investors are closely watching Tesla's innovative growth initiatives in AI and autonomous driving that could reshape its future.
Source: YAHOO