RBC Capital tells investors in a research note that the firm expected Tesla (TSLA) to post a Q3 delivery beat, but the actual deliveries of 497K were even better than the firm expected. RBC Capital, which has an Outperform rating and $325 price target on the shares, says that while the U.S. EV credit expiry likely helped, the softening performance by domestic Chinese OEMs were also a contributing factor.
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