Why Tesla’s Delivery News Is Electrifying Despite the Doubters

October 11, 2021
Image source: Tesla.

The news is good but highlights questions about the electric-car maker’s valuation.

Key Points

  • Tesla beat analyst expectations with its third-quarter deliveries, defying the chip shortage.
  • The company’s production and delivery numbers are also soaring year over year.
  • These metrics may contain a glimpse of future performance in a vastly expanded EV market.
Positive news from Elon Musk’s trailblazing electric-vehicle (EV) company Tesla (NASDAQ:TSLA) continues with its latest production figures. Its deliveries surpassed analyst expectations by thousands of cars during the third quarter of 2021.

Simultaneously, its market cap remains enormous, and alongside its loyal fans, the company has a vast chorus of detractors predicting a stock-price collapse. Do the naysayers have a point, with Tesla living on borrowed time before its share price corrects to a more “realistic” level? Or will its value rise from here?

Both sides have a compelling argument, but the bull case may be stronger overall.

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