Stocks Analysis by Investing.com (David Wagner) covering: General Motors Company, Ford Motor Company, Tesla Inc, BYD Co Ltd ADR. Read Investing.com (David Wagner)'s latest article on Investing.com
Eyes are now on next week's Robotaxi event, expected to be a game-changer for the EV maker.) shares took a hit after data showed that the EV maker fell short of production and delivery expectations in Q3. Despite a strong rally earlier this month, the stock price is now back below its recent high.
This decline raises questions about the bullish trend that followed the low of $182 on August 5, during which shares soared by 45.5% to reach a high of $264.86 just a few days ago.Investors are still reacting negatively to the company's latest production and delivery figures, which fell short of expectations.
This marks an improvement from last year's Q3, when Tesla reported 435,059 deliveries and 430,488 vehicles produced. While the upcoming robotaxi event might rekindle investor enthusiasm, the subsequent Q3 earnings report could bring a dose of reality back into play.This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest.
Ford Motor Company Tesla Inc BYD Co Ltd ADR
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
These Bitcoin Miners Are Gearing Up to Cash in on Potential AI WindfallStocks Analysis by Investing.com (David Wagner) covering: BTC/USD, HIVE Blockchain Technologies Ltd, Bitcoin, Bit Digital Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
Super Micro Stock: Market's Overreaction May Present a Hidden Buying OpportunityStocks Analysis by Investing.com (David Wagner) covering: Super Micro Computer Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
3 Rate-Sensitive Stocks Offering Up to 31% Upside as Fed Kicks Off Easing CycleStocks Analysis by Investing.com (David Wagner) covering: Kroger Company, Franklin Resources Inc, Textron Inc. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
Betting on Gold’s Climb to $3K? These Mining Stocks Could Be Your Top PicksStocks Analysis by Investing.com (David Wagner) covering: XAU/USD, Freeport-McMoran Copper & Gold Inc, Gold Futures, Agnico Eagle Mines Limited. Read Investing.com (David Wagner)'s latest article on Investing.com
Read more »
Value investing vs. growth investing: Which is better in today’s market?Many investors think value will once again have its day — although they’ve been waiting on that day for quite some time.
Read more »
Behind the LA zoning commission recommendation to leave 72% of city zoned for single-family homesDavid Wagner reports on business and economy for the LAist and KPCC newsroom.
Read more »