Tesla (TSLA) initially traded as high as around $460 on Oct. 1, ahead of its third-quarter delivery report. Unfortunately, TSLA stock fell by 5.11% to close at $436 as traders took profits.
Tesla posted vehicle deliveries of 497,100, a quarterly record. It achieved this after buyers “front-loaded” their purchasing to avoid the end of the $7,500 government tax credit. In doing so, stock markets expect that fewer consumers will buy a Tesla EV. It would cost at least $7,500 more to do so.
TSLA stock trades at a forward P/E of 450 times, assuming a GAAP EPS of $1.00 in 2025. Investors should consider the risks ahead in holding this stock.
According to a Bloomberg report, Boeing (BA) will delay the first flight of the 777X to early 2027. It was previously expected that a flight would be in 2026. This might cost the firm at least $2.5 billion in non-cash charges and up to $4 billion.
BA stock closed at $217.43, up by 22.84% in 2025. In the last year, it gained 42.74%.
Applied Materials (AMAT) will open down by 3.5% this morning. Shares spiked to a high of $226.41 recently. However, the firm might face a new export control. That would hurt its sales to China-based customers.
In a filing with the SEC, AMAT wrote that “On September 29, 2025, the U.S. Department of Commerce’s Bureau of Industry and Security issued a new rule that expands the list of companies subject to U.S. export restrictions (the 'BIS Affiliates Rule'). It would lose $110 million in Q4 revenue and nearly $600 million in fiscal 2026 revenue.
