Jefferies analyst Philippe Houchois downgrades Tesla (NASDAQ:TSLA) from Buy to Hold and lowers the price target from $230 to $185.
Jefferies lowered Tesla (NASDAQ:TSLA) price target from $230 to $185 Read Post »
Goldman Sachs analyst Mark Delaney maintains Tesla (NASDAQ:TSLA) with a Buy and raises the price target from $200 to $225.
Goldman Sachs Adjusts Tesla’s (NASDAQ:TSLA) Price Target to $225 From $200 Read Post »
Tesla Inc. (NASDAQ:TSLA) delivered 422,875 vehicles in the first quarter, the electric-vehicle company said Sunday. The company’s delivery figure came up shy of the 432,000-unit number that analysts tracked by FactSet had been projecting on average. Tesla (TSLA) also reported production of 440,808 units for the quarter. Tesla Inc. (NASDAQ:TSLA) delivered 422,875 vehicles in the first quarter , beats the Street’s 421.5k estimate Tesla fell short of the FactSet consensus. “We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC,” the company said in a release, referring to the regions of Europe, the Middle East and Africa as well as Asia-Pacific.
Wedbush analyst Daniel Ives reiterates Tesla (NASDAQ:TSLA) with a Outperform and maintains $225 price target.
Wedbush maintained Tesla (NASDAQ:TSLA) $225 price target Read Post »
Tesla (NASDAQ:TSLA) Maintained “overweight” rating With a $275.00/Share Price Target by Barclays.
Wolfe Research analyst Rod Lache downgrades Tesla (NASDAQ:TSLA) from Outperform to Peer Perform.
Tesla (NASDAQ:TSLA) Cut to Peer Perform From Outperform by Wolfe Research Read Post »
Berenberg analyst Adrian Yanoshik said in a research report that he downgraded Tesla (NASDAQ:TSLA) from “buy” to “hold” and raised its target price from $200 to $210. The analyst noted that Tesla’s new factory’s advantages in terms of capital and labor efficiency provide the company with years of growth opportunities, and that its “false fear of price wars” seems to have been accepted by the market. Adrian now sees less upside for Tesla’s share price, further noting that Tesla’s entry into smaller segment car product pricing will present a huge sales growth opportunity for the company, but that growth may take time. The analyst said that “Tesla’s valuation now has less room for disappointment.”
Berenberg raised Tesla (NASDAQ:TSLA) target price from $200 to $210 Read Post »
Analysts at Jefferies said in a research note that they maintained their “buy” rating on Tesla (NASDAQ:TSLA) and raised their price target to $230 from $180. The analyst said Tesla’s investor day last week showed that the company remains largely a “Day 1” operating model. The analyst noted that no new product launches do not mean a significant delay in profit growth for Tesla. Jefferies believes that Tesla’s further expansion of Model 3 and Model Y sales through dynamic pricing may limit the range of earnings the company will achieve in 2023 and 2024, but it will be very favorable for its free cash flow and return on invested capital. Jefferies raised Tesla’s operating income forecasts for 2023 and 2024 by 10% and 8%, respectively, and its first quarter is expected to be the trough of Tesla’s earnings.
Jefferies: Maintain Tesla(NASDAQ:TSLA) “Buy” rating and raise its price target to $230 Read Post »
Bernstein said Tesla’s (NASDAQ:TSLA) “Master Plan Part 3” announced at Wednesday’s investor event day looks at the long term but lacks details. The bank noted that Musk’s “grand chapter 3” is not so much Tesla’s roadmap as a hope for widespread electrification; Management updates, while informative, are not necessarily linear. As part of a larger vision, Tesla makes no mention of Boring Company and SpaceX, and rarely mentions of Tesla’s own solar business. Most importantly, Tesla did not provide more information about its upcoming lower-priced next-generation car, the bank noted. The bank has an “underperform” rating on Tesla’s stock and a $150 price target.
Deutsche Bank: Raised Tesla (NASDAQ:TSLA) price target to $250, maintaining a buy rating.
Deutsche Bank: Raised Tesla (NASDAQ:TSLA) price target to $250 Read Post »
Morgan Stanley analysts expect Tesla (NASDAQ:TSLA) to launch a suite of technologies at ultra-low prices at an ultra-low price at the March 1 investor day to help promote the mass adoption of electric vehicles, which will be a key to the “third chapter of Tesla’s grand plan.” It noted that this Tesla investor day is likely to influence the market’s perception (and final valuation) of other brands of electric vehicles. Morgan Stanley analysts have given Tesla stock a “buy” rating with a $220 price target.
Morgan Stanley: Tesla (NASDAQ:TSLA) the launch of ultra-low-priced Read Post »
Tesla (NASDAQ:TSLA) CEO Elon Musk: The Fremont Gigafactory is expected to produce more than 600,000 vehicles this year. The Fremont Gigafactory is the most produced automotive plant in North America. Musk and California Governor Newsom announced that Tesla’s engineering headquarters were located in Palo Alto.