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Tesla Stock Rises Ahead of Deliveries Data

Shares of Tesla rose Friday as investors awaited fresh data about the state of its business, expected next week.

The stock was up more than 2% in afternoon trading. Its latest quarterly delivery numbers are expected on Monday.

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Wall Street is looking for third-quarter deliveries of 462,000; in July, the company reported second-quarter deliveries of about 466,000.

The stock has roughly doubled this year. Where should it be? That’s a hot topic for bullish and bearish investors alike. Heard on the Street’s Stephen Wilmot this week published an interactive feature that lets investors estimate its value based on a range of inputs and assumptions.

The Equal Employment Opportunity Commission on Thursday accused Tesla of subjecting Black employees at its California plant to racial harassment.

Tesla’s shares, trading near $252, are down about 40% from their all-time high of around $410 set in November 2021.

Image: Tesla