Tesla Stock Flashes Buy Signal As Strong Q4 Deliveries Seen
Tesla $Tesla(TSLA.US)$ deliveries are expected to jump year-over-year when Elon Musk's carmaker reports fourth-quarter figures in early January. Tesla stock rose Monday, rising to a trendline buy point.
The maker of upscale electric cars could report Q4 deliveries as early as Jan. 1 and as late as Jan. 5, with Monday Jan. 3 a likely date.
But some analysts are more even bullish on Q4 deliveries.
As of September, two out of every three electric vehicles in the U.S. are a Tesla as sales boom. Ford $Ford Motor(F.US)$ , General Motors $General Motors(GM.US)$ and other automakers this year have faced a semiconductor shortage, which is just starting to ebb. Tesla was largely able to avoid the shortage and production pauses.
Overall, RBC sees Tesla producing 285,000 to 295,000 vehicles during the quarter.
Part of the content is taken from Investor's Business Daily.
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