Tesla stocks falls as investors expected 'more robust' deliveries growth

Tesla produced 469,796 vehicles during the quarter, with 443,668 of those being Model 3/Y vehicles, and 26,128 from other models, including the Model S, X, and Cybertruck. The company also deployed 6.9 GWh of energy storage products.

They note that attention is now shifting to Tesla's AI Day on October 10, where the company is expected to showcase advancements in robotaxis and humanoid robots. They remain confident in Tesla's ability to hit its full-year target of 1.8 million deliveries, despite some challenges earlier in the year. The firm is looking forward to further guidance during Tesla's Q3 earnings call on October 23.

Overall, analysts expect some near-term pressure on Tesla's stock due to the delivery results but remain optimistic about the company's long-term prospects, especially in AI and autonomous driving.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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Source: cleantechnica - 🏆 565. / 51 Read more »