Tesla Stock Falls Despite Record Q3 Deliveries
Tesla stock closed over 5% lower yesterday, despite reporting record deliveries for the third quarter. Sell-side analysts maintain a consensus rating of 'Hold' for TSLA stock, which currently trades well ahead of its mean target price of $322.03.
Tesla's Q3 deliveries rose 7% year-over-year to a record high of 497,099, marking the first annual rise this year. Despite this positive news, the stock fell mainly due to broader market underperformance and investor concerns. Bulls position the company as an AI and autonomous driving play, but cautious sentiment overshadowed the delivery numbers.
Elon Musk recently purchased Tesla shares worth $1 billion, indicating his confidence in the company. However, he had previously warned of 'a few rough quarters' during Tesla's Q2 2025 earnings call. Tesla's automotive business remains core to its revenues and profits, despite deliveries being down annually in the first nine months of the year.
Tesla's record Q3 deliveries were overshadowed by broader market concerns, leading to a stock drop despite positive news. Elon Musk's recent share purchase signals confidence, but analysts maintain a 'Hold' rating. Tesla's core automotive business continues to drive the company, with deliveries expected to rebound.
