Shares of Tesla (NASDAQ:TSLA) are highlighted in a market overview as one of three S&P 500 constituents to watch this week. The article notes that the S&P 500 Index is hovering near its all-time high of 7,820, having risen 22.3% from its yearly low.
Tesla is expected to be in the spotlight due to two specific events. The company will unveil its long-delayed Roadster vehicle, a product management hopes will boost revenues in the United States. Additionally, Tesla will publish its third-quarter deliveries data.
Regarding the delivery figures, market participants are estimating a range of outcomes. A Kalshi market estimates deliveries will exceed 465,000. Goldman Sachs (NYSE:GS) forecasts the number to be 435,000, while Barclays anticipates a figure of 475,000. These estimates come amid rising gasoline and diesel prices linked to the ongoing US-Iran conflict.
The article also provides context on the broader market environment, noting that the S&P 500 has brushed aside geopolitical conflicts and rising US bond yields. The other stocks mentioned in the top three watchlist are Micron (NASDAQ:MU) and Accenture (NYSE:ACN).
