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00:02Tesla investor Gary Black says the electric vehicle maker may have more near-term upside
00:06after third-quarter deliveries beat Wall Street expectations by roughly 25,000 vehicles.
00:11Black said annualizing the delivery beat could add about $0.15 to adjusted annual EPS and
00:17roughly $32 per share in value, if the higher volume proves permanent.
00:21Tesla delivered 486,532 vehicles in the quarter, above its company-compiled consensus of $461,995.
00:31Shares have gained $26.74 since last Thursday and closed Monday at $378.73.
00:39Black remained cautious about Tesla's stretched valuation.
00:42Investors now turned to the company's third-quarter earnings report on October 21st, while shares
00:47rose another 0.53% in Tuesday pre-market trading.
00:51For all things money, visit Benzinga.com.
