Tesla reports earnings today: What to expect from Musk's third quarter - Business Insider

"We had been of the view that China was likely a driver of the sequential growth in 3Q given that Tesla had been ramping its Shanghai factory and due to the fact that SensorTower data showed an increase in downloads of the Tesla app in China," Goldman Sachs analysts said this week.

"However, recent data per CPCA suggests that Tesla's deliveries in China were flattish in September vs. August," the analysts said. "This is unusual in our view as Tesla typically has back-end weighted deliveries, and while it may be due to a pause in production for factory improvements, we believe that regional drivers will be a topic to better understand from the EPS report, especially given how large the China market is.

Shares of Tesla are up more than 390% this year in a run that's minted the company as the world's most valuable automaker by market cap. It's not clear how much more room there is to run, though, as analysts turn sour on the name amid its tear. Only 8 of 27 polled by Bloomberg have a buy rating on the stock, with an average target price of $320 — 24% below current trading prices.A recap of all things electric vehicles, ride-hailing, airlines, and more.

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