Dow Jones futures and S&P 500 futures rose slightly Sunday evening, while Nasdaq futures edged lower. Tesla deliveries easily hit a record in the third quarter, but came in far below estimates. China EV rivals also reported sales.
X
The major indexes fell solidly in the past week, capping a terrible September. The S&P 500 index and Dow Jones are at bear market lows, with the Nasdaq on the verge of doing so. Treasury yields backed off from 4%, but extended their weekly win streak.
Investors should be extremely cautious in the current environment, as the bear market appears to be starting a third leg down.
Tesla Deliveries
Tesla deliveries came in at 343,830 in the third quarter, up 42% vs. a year earlier and 35% above Q2’s 254,695, when the Shanghai plant faced a lengthy shutdown and slow recovery due to Covid lockdowns. The Q3 figure comfortably topped Q1’s record Tesla delivery figure of 310,048.
However, Tesla deliveries…
