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The leader has something to say
Tesla delivered 486,500 vehicles in Q3, 24,000 more than market expectations, and its stock price rose about 5% at one point. However, it is still 2% less compared to last year.
The market is celebrating the beat on expectations, not growth. Expectations were set too low, so a slight improvement triggered a rebound. Tesla's fundamentals haven't changed; demand is slowing, and the price war continues.
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