Analysts are divided over the near-term and future trajectory of Tesla shares after the electric vehicle company posted mixed third-quarter results.
Piper Sandler's Alexander Potter attributed much of the move to the company's gross margins — which came in at 27.9%, slightly below some analysts' expectations.
To be sure, not all analysts are convinced of Tesla's near-term investment thesis.
Tesla's stock is down about 37% this year and sits more than 46% off its 52-week high.
"TSLA posted strong Q3 results amidst continuing materials shortages and logistics volatility.