Wall Street Analysts Split on Tesla Stock (TSLA) After Q3 Earnings Miss
Tesla shares fell 3% in pre-market trading following a disappointing third-quarter earnings report. While revenue reached a record high, earnings per share dropped 31% year-over-year to $0.50, missing analyst estimates of $0.55. The mixed results have divided Wall Street, with some analysts expressing concerns about valuation while others remain bullish on the company's long-term prospects.
UBS maintained its Sell rating, arguing Tesla's current price already reflects its AI potential. Meanwhile, Baird and RBC analysts highlighted strong vehicle deliveries and energy deployments as reasons for optimism. The divergence underscores the ongoing debate about whether Tesla should be valued as an automaker or a tech company.