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Tesla Stock Is Down Today After Upbeat Deliveries News—And a Long Upward Run

1. Tesla's Q3 deliveries exceeded expectations at 497,000 units. 2. The stock retraced 3% despite outperforming the Magnificent Seven. 3. Analysts are optimistic about AI's role in Tesla's valuation. 4. Elon Musk emphasizes robotaxis and advanced technology for future growth. 5. Price targets have been raised, yet average is still $100 below current price.

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FAQ

Why Neutral?

Despite strong deliveries, recent stock performance reflects skepticism. Historical trends show limited price reactions to positive news if already anticipated.

How important is it?

The article's focus on deliveries and AI development highlights ongoing investor interest but reflects caution in price movements.

Why Short Term?

Immediate momentum may stabilize post-earnings announcements. Tesla has shown volatility around earnings, making short-term effects significant.

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