Tesla, Rivian Deliveries Beat Estimates; Analysts Weigh In
Tesla (TSLA) shares increased approximately 5% after reporting third-quarter deliveries of 486,532 vehicles. Analysts attributed the beat to factors like higher gas prices, though some noted it was still below a multi-million-unit pace.
Shares of Tesla (TSLA) rose about 5% on Friday after it delivered 486,532 vehicles in the third quarter, topping estimates. Gary Black of The Future Fund said the result was mainly tied to higher gas prices, while Ross Gerber of Gerber Kawasaki described the figure as decent but still well below a multi-million-unit pace.