Tesla (TSLA) stock is facing downward pressure after falling short of it's highly anticipated third-quarter delivery expectations. The company reported 462,890 deliveries, slightly below the Bloomberg estimate of 463,897. William Blair group head of energy and sustainability research sector Jed Dorsheimer joins Morning Brief to discuss his outlook on the automaker.

Dorsheimer notes that the growing optimism in delivery estimates on Wall Street was closely tied to Tesla's rising stock price. Consequently, he says, "it's not surprising to see a pullback" now that the numbers have missed expectations. Despite this setback, Dorsheimer points out that this quarter demonstrates Tesla's stabilization ahead of "some key catalysts" for the business, including the upcoming robotaxi event and the Shanghai energy business.

Importantly, Dorsheimer emphasizes the significance of Tesla's energy business and its potential impact on the company's future growth. He states, "Our grids are stressed to the max right now and that's a global statement. And so looking at Megapack as a solution for a portion of that, that demand in our opinion could be as much as what we're seeing on the vehicle side."

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This post was written by Angel Smith