Tesla (TSLA) Is Setting Up A Strong Q4, Says Dan Ives

In a nutshell, there was nothing to write home about in Tesla’s (TSLA) numbers and the Street will be left wanting more, notes Dan Ives. He discusses the takeaways from Tesla’s latest deliveries. He talks about how Musk & Co. committed to the 1.8 million delivery target for 2023 with momentum ahead as the Model 3 refresh and production of the Cybertruck are clear tailwinds into the next year along with margins troughing and rebounding from these levels. Wedbush has an outperform rating and a $350 price target on TSLA. He then goes over the next steps for TSLA’s growth story. He then touches on the auto strike, highlighting Ford (F) and General Motors (GM), as well as tech sector takeaways. Tune in to find out more about the stock market today.