Falling EV sales were a big reason Tesla shares were down some 45% year to date in mid-April. Coming into Wednesday trading, Tesla stock was up about 4% in 2024, staging a remarkable comeback. Returning to growth in the third quarter was a part of the reason for the rebound.

One analyst sees the upcoming Robotaxi event as “the next potential catalyst” for Tesla’s stock, while another senses some anxiety around it.

Tesla’s global deliveries rebounded in the third quarter, reversing earlier declines this year that had stoked concerns on Wall Street about the company’s ability to grow its car business.The world’s most valuable automaker delivered a total of 462,

Key Takeaways Tesla shares slid on Wednesday after the EV maker's quarterly deliveries came in short of official estimates, and even further short of whisper numbers.Tesla sales are estimated to have been relatively strong in China,

In 2003, Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard and Marc Tarpenning founded Tesla – a company focused on the design, development, manufacturing and sale of fully electric vehicles, energy generation and storage systems.

Investor expectations for Tesla (NASDAQ:TSLA)'s upcoming "We, Robot" event are "relatively muted," according to Canaccord Genuity analysts in a note Thursday. The firm said the October 10 event, which is expected to focus on