Tesla stock has been doing very well over the past couple of weeks after reporting third-quarter earnings. Let’s analyze if the rally is sustainable or not.
Deliveries SoarIt might have been a bit of an up and down year for electric vehicle manufacturing giant Tesla Inc (NASDAQ:TSLA); however, the company’s strong performance in the 3rd quarter has raised optimism among market watchers again. It was an almost perfect quarter for the company, as its deliveries went up both sequentially and year-on-year. Its margins improved considerably, while sales picked up in Europe and China as well. ...
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