Tesla's Stock Performance

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Tesla Inc. {{ m-tag option="price" ticker="TSLA" currency="USD" }} has been a subject of intense debate among investors. The stock recently closed at $251.60, with a market capitalization of $772.49 billion. Despite a decline of 4.48% over the last month and 1.78% over the last year, the stock has surged by an impressive 126.64% year-to-date. The day range was $244.45 - $250.02, and the year range was $101.81 - $299.29, indicating some volatility but also resilience.

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Q3 Deliveries, Revenue, and Strategic Moves

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Tesla reported its Q3 2023 total deliveries at 435,059 and total production at 430,488. Despite a nearly 7% decline in vehicle deliveries compared to the previous quarter, Tesla's shares closed nearly flat for the day at $251.60. The decline was attributed to planned factory shutdowns for upgrades, but the company's 2023 volume target of around 1.8 million vehicles remains unchanged. In a strategic move to offset this decline, Tesla introduced a cheaper new version of its popular Model Y SUV, priced at $43,990. This new variant is likely powered by cheaper lithium iron phosphate (LFP) batteries and qualifies for a full $7,500 federal EV tax credit.

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Market Sentiment: Bulls vs Bears

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The market sentiment around Tesla is polarized. Bullish investors cite Tesla's technological leadership and dominant market share in the electric vehicle (EV) space as strong points. On the other hand, bearish investors point to increasing competition and Tesla's high valuation as concerns. Additionally, legal issues related to SEC filings have also cast a shadow, causing some investors to exercise caution.

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Conclusion

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Tesla Inc. remains a compelling investment option despite facing challenges such as legal issues and a decline in Q3 2023 vehicle deliveries. Its strategic introduction of a cheaper Model Y variant and robust year-to-date stock performance indicate resilience and innovation. Investors should keep an eye on Tesla as it continues to navigate a complex market landscape.
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The information on mexem.com is for general informational purposes only. It should not be regarded as investment advice. Investing in stocks involves risk. A stock's past performance is not a reliable indicator of its future performance. Always consult a financial advisor or trusted sources before making any investment decisions.
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