Reported 14 days ago
Barclays has revised its forecast for Tesla's third-quarter deliveries to 470,000 vehicles, exceeding Wall Street's estimate of 461,000, which has positively impacted Tesla's stock price. Analyst Dan Levy points to two driving forces behind this increase: solid fundamentals and growing excitement over electric vehicles and artificial intelligence as the company approaches its October 10th robotaxi event. However, he expresses concern about Tesla's high valuation which may create discomfort among investors.
Source: YAHOO