Tesla shares rise as Q3 deliveries beat expectations
TSLA Tesla Inc
$382.70 +2.05%
View chart & analysis → - 1Tesla recorded 486,532 electric vehicle deliveries for the third quarter ended September 30.
- 2Edison Yu raised the Tesla price target from $370 to $420.
- 3Tesla's price-to-earnings (P/E) ratio is 351, which is higher than the technology sector average of 33.
So what's the key point?
Tesla sold more electric vehicles in the third quarter than expected. Experts believe the stock will rise further and raised the price target to $420.
Source The Motley Fool +1 · View original ↗
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