Tesla Stock Is Stable Despite Awful EV Sales. Why Wall Street Isn’t Worried Yet.
1. October Tesla sales dropped 23% year-over-year across key markets. 2. Fourth-quarter delivery estimates are lowered to 440,000 vehicles. 3. Stock traded down 2.18% despite past 12-month growth of 26%. 4. Focus has shifted to AI applications over traditional car sales. 5. Analyst Colin Langan has a 'Sell' rating with a $120 price target.