Tesla Shares Surge on Delivery Forecast. Is It Time to Buy the Stock?

Tesla's (NASDAQ: TSLA) stock has had an up-and-down year, but its shares were surging higher following its third-quarter earnings report and upbeat forecast for future deliveries. Having recouped the negative returns in the first half of 2024, the stock is currently around breakeven for the year.The electric vehicle (EV) maker continues to talk up its plans for autonomous vehicles and its robotaxi, which it gave a preview of earlier this month. Let's take a closer look at the company's earnings, CEO Elon Musk's comments, and whether now is a good time to buy the stock.After a decline in the first two quarters of the year, deliveries increased by 6% in Q3. Model 3/Y deliveries rose by 5% to 43,668 vehicles, while other models, including the Cybertruck, saw deliveries spike 43% to 22,915 vehicles. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool