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Tesla stock whipsaws after 3rd-quarter deliveries beat Wall Street's estimates
['Thu', 'October', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Tesla reported deliveries for the third quarter that beat estimates.
Sales may have benefited from customers rushing to buy EVs before the expiration of a key tax credit.
Some caution that momentum could fade now that the tax credit is no longer available.
The move: Tesla stock jumped as much as 2% on Thursday, before reversing gains to trade lower by about 0.5%.
Why: Tesla reported 497,099 vehicle deliveries in the third quarter, a 7% increase over the same period last year.