Tesla Stock on a Knife’s Edge: $900 Target & Netflix Impact Ahead of Q3 Earnings
Tesla reports Q3 results after market close Oct. 22, with Wall Street expecting $26.3 billion revenue and $0.55 EPS. Record Q3 deliveries of 497,099 vehicles (+7.4% YoY) are expected to drive revenue, but margins remain thin. Tesla shares closed at $442.60, near a 52-week high, up 80% YTD. Analysts’ 12-month price targets average $365, about 18% below current levels.