An unexpected turning point for Tesla: Is there still room for growth?

Tesla almost made it. If it weren't for the last small surge of optimism on Wall Street on the final day of September, Tesla's recent sales figures could have just exceeded the forecasts. What is truly remarkable about this development, however, is the increasing gap on the left side of the chart, which indicates the steady decline in expectations for Tesla's core business. Despite all the discussions in recent days about the possibility that Tesla's sales in China could raise the quarterly figures to 470,000 vehicles—a rise also reflected in a higher consensus forecast—the question remains: who cares? Even if Tesla had reported this number, which is still significantly below the expectations at the beginning of the year, a critical look at the chart is necessary to judge whether this would have fundamentally changed the business outlook of the company.