Tesla and Nokia Stocks Soar on EV Deliveries and 5G Deal Frenzy – What’s Next for Investors?
Tesla (TSLA): Record Deliveries and Profit Squeeze Tesla’s third-quarter report (Oct 22) was a tale of two stories. Sales and deliveries hit new highs — revenue topped $28.1 billion, beating analysts’ ~$26.4B estimate reuters.com, and nearly 497,000 vehicles were delivered (a 7% YoY jump). Much of this was a Sept. surge as U.S. buyers scrambled to get the $7,500 tax credit before it expired reuters.com ts2.tech. CEO Elon Musk also rolled out new “Standard” (low-cost) Model 3/Y variants with ~$5K lower prices, aiming to lock in more volume reuters.com. However, earnings disappointed. Tesla’s GAAP profit missed forecasts for the fourth straight quarter,