Tesla, Inc. has been at the forefront of the electric car revolution this year. Its stocks have doubled, making it a favorite among both investors and consumers.
The success story of the company has garnered significant attention, sparking debates among investors and analysts regarding its valuation and future potential.
In the third quarter, the company delivered 435,059 electric vehicles, a 6% decrease compared to the second quarter. The electric vehicle giant attributed this to factory upgrades. Bulls are banking on a recovery in fourth-quarter deliveries thanks to the updated Model 3 in China and the anticipated launch of the Cybertruck.
Tesla also introduced a new, more affordable variant of the Model Y in the United States, priced $3750 lower than the previous base version. Later, the company reduced prices on other versions of the Model Y and Model 3, leading to a surge in the company's stocks.