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Barchart
Barchart
Sushree Mohanty

Is Tesla Stock a Buy Before October 22?

Elon Musk Tesla Inc.

Tesla (TSLA) will report its third-quarter earnings on Oct. 22 after the market closes. While Tesla stock has been on a rollercoaster ride this year, it has gained momentum following the news of CEO Elon Musk’s $1 trillion pay package and his subsequent purchase of $1 billion worth of Tesla stock. Additionally, Tesla announced its Q3 deliveries earlier this month, which totaled 497,009 vehicles, representing a 7.4% year-over-year increase. 

While TSLA is up a more modest 7.5% year-to-date, it has surged 35% over the last three months. As investors brace for the third quarter earnings, let’s take a step back into its second quarter results and assess whether TSLA is a compelling buy ahead of the Q3 report.

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