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Barchart
Barchart
Amit Singh

Tesla’s Delivery Beat Isn’t Enough to Make TSLA Stock a Buy Ahead of Q3 Earnings

Tesla (TSLA) will release third-quarter financial results after the market closes on Wednesday, October 21. Ahead of the report, the electric vehicle maker posted better-than-expected delivery numbers, offering some relief to investors concerned about slowing EV demand and intensifying competition.

However, beating delivery estimates may not be enough to make Tesla an attractive buy. Despite the stronger-than-expected numbers, Tesla’s valuation warrants caution ahead of earnings.

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