Tesla’s third-quarter earnings show improvement with record auto deliveries and energy storage deployments. Market reacts negatively to near-term uncertainty for deliveries, potential impact of US EV tax credit expiration. Delay in full launch of robotaxi product and increased competition in energy generation and storage business may affect growth. Morningstar raises fair value estimate for Tesla to $300, citing higher robotaxi valuation and autonomous driving software adoption. Stock trading 40% above fair value, recommendation to wait for pullback before entry. Tesla expanding robotaxi testing, removing employees from vehicles in Austin, Texas testing area to improve software.

Read more at Morningstar: Shares Fall as Market Focuses on Uncertainty Near Term