Tesla stock was down early Wednesday, taking a breather after a strong run. Ahead of a very busy October, a few things were moving shares, including downgrades of Tesla peers and a target price increase from one analyst.

Tesla's deliveries are going up -- but its price is already up too much. Tesla ( TSLA 4.93%) stock revved 4% higher through 12:55 p.m. ET Monday after Barclays Capital 's Dan Levy predicted the company will beat expectations on Q3 deliveries this year. That does sound like good news for investors -- but remember to read the fine print.