1. Tesla's 3Q FY2024 deliveries missed expectations, signaling potential muted 3Q earnings and adding pressure on revenue and EPS estimates. 2. Despite the optimism surrounding the Robotaxi event, the stock's recent rally could result in a 'sell the news' reaction after the event. 3. Robotaxi is unlikely to significantly boost long-term growth due to challenges like monetization, competition, and regulatory hurdles. 4. China's stimulus could boost 4Q deliveries, but TSLA faces growing competition from domestic Chinese EV makers. 5. The stock's current valuation reflects an optimistic long-term growth outlook based on Elon Musk's ambitious promises.
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