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Why the Tesla Stock Rally Is Fading Today [Yahoo! Finance]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
But as the trading week comes to a close, the stock is on track to have its second consecutive losing day. As of 12:35 p.m. ET Friday, Tesla shares were down 4.3%. Yet, they have still soared by 70% over the past three months. Most of that gain has come after Donald Trump won the U.S. presidential election with backing from Tesla CEO Elon Musk Tesla needs a record fourth quarter The pause in the rally is coming as we approach the end of the year, with investors realizing the company may not hit 2023 electric vehicle (EV) delivery numbers. Tesla must deliver about 515,000 EVs in the fourth quarter to match the 1.8 million units shipped in 2023. A push to ship vehicles at the end of the year is common, however. Tesla's record quarterly delivery was almost 485,000 vehicles in last year's fourth quarter. But analysts, on average, think the company might come up just shy of Tesla's target this year, predicting 510,000 unit sales. After the stock's monster run over the last severa
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