7/102 sources · 2 publishersUpdated Oct 8, 21:33 UTC
Tesla Q3 vehicle deliveries beat estimates while energy storage fell short
Tesla reported third‑quarter vehicle deliveries that exceeded consensus by about five percent. The company shipped roughly 487,000 cars, while energy‑storage deployments were 13.7 GWh, below the 15.9 GWh consensus. UBS kept a neutral rating and a $385 price target, noting a modest earnings impact from the storage shortfall.
Why it matters
UBS expects the energy‑storage miss to cut earnings by roughly $0.03 per share and therefore left its neutral rating and $385 price target unchanged.
Key facts
- 1Tesla deployed 13.7 gigawatt-hours of energy‑storage products in Q3. proactiveinvestors.com
- 2UBS maintained a neutral rating on Tesla. proactiveinvestors.com
- 3UBS set a $385 price target for Tesla. proactiveinvestors.com
- 4UBS estimated the energy‑storage miss could reduce earnings by about $0.03. proactiveinvestors.com
- 5The consensus estimate for energy‑storage deployments was 15.9 gigawatt-hours. proactiveinvestors.com
Open questions
- Vehicle delivery figures differ: 487,000 (material 1) vs 486,532 (material 2).
- Production figures differ: 464,000 (material 1) vs 464,391 (material 2).
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.