Tesla (TSLA) surprised Wall Street in its latest quarterly statement, but that in itself is unsurprising; the EV leader has made a habit of leaving analysts’ forecasts in the dust. Still, Morgan Stanley’s Adam Jonas believes the latest set of excellent results were “significant” for two particular reasons. For one, despite well-documented industry-wide supply shortages, the company is exhibiting “extraordinary” top line growth,” with sales now annualizing at 1 million units and Tesla reaching that milestone “easily” 6 months ahead of Jonas’ expectations. This is even more impressive when put into context. IHS data shows that global Q3 auto production dropped by 19.8% year-over-year.
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Tesla (NASDAQ:TSLA)
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