Tesla Stock Could Rebound in 3 Months. Here’s What it Would Take.

Tesla Stock Could Rebound in 3 Months. Here’s What it Would Take. | Barron’s

Elon Musk says that


Tesla

could someday be worth more than


Apple

and Saudi Aramco, combined. First, it needs to get through the next few months.

Before Tesla (ticker: TSLA) reported third-quarter earnings this past week, investors had been hoping they would allay concerns that had been growing since the company released second-quarter numbers three months earlier. They did no such thing. While earnings topped expectations, third-quarter deliveries, sales, and profit margins all fell short of Street projections. Tesla shares slumped 6.7% following the release, putting them down 22% since the end of September, their second-worst start to a quarter since the first few weeks of 2016.

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