Investors are bracing themselves for Tesla's quarterly results on Wednesday as the electric vehicle manufacturer struggles with lagging sales. Tesla released its third-quarter vehicle production and delivery numbers earlier in October, which showed a nearly 7% drop in vehicle deliveries from the prior quarter. The number also fell short of Wall Street's estimates; Tesla reported 435,059 deliveries, while analysts polled by StreetAccount had forecast 461,640 deliveries in the period.
mountain Tesla shares in 2023 Deutsche Bank lowers price target Deutsche Bank is among the few large investment firms on Wall Street with a buy rating on Tesla. However, the bank reduced its price target to $285 from $300 late last month, citing "meaningful downside risk" in 2024 due to limited volume growth.
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