Tesla

Tesla (TSLA) could face headwinds to its unit growth over the coming years amid a plateau in demand for electric vehicles and increasing competition in China, UBS Securities said in a Tuesday note. The investment firm said results from its 2024 UBS Global EV survey showed that Tesla remains a leading battery electric vehicle brand consideration by 39% of the respondents globally but was overtaken by BYD in China. UBS said more respondents in the US indicated that Tesla would be their top battery electric vehicle choice but demand in the country appears “more stagnant.” Survey results also indicated that consumers “may want more EV choices,” UBS added. According to UBS, the survey results support its 2024 to 2025 delivery forecast for Tesla, which is below Street consensus. UBS maintained its neutral rating on Tesla, with a price target of $160.

By Ciara Linnane Analysts still expect a ‘messy’ first quarter and say second-quarter expectations are too high Baird removed Tesla Inc. from its Bearish Fresh Pick list on Tuesday and said the news that the company’s robotaxis would debut on Aug. 8. combined with growth in the energy business, were positives that weigh against weaker-than-expected delivery numbers. Analysts led by Ben Kallo said they have fielded dozens of calls regarding Tesla’s (TSLA) recent first-quarter production numbers and nearly half centered on whether the bad news is now priced in to the stock. “We think Q1 results will be messy due to several one-time items and continue to believe Q2 estimates are likely still high,” Kallo wrote in a note to clients. “On the other hand, the announced Robotaxi unveil, emphasis on increasing FSD (full self-driving) attach rates, and Energy business growth are positives.” Baird named Tesla a Bearish Fresh Pick

Goldman Sachs analyst Mark Delaney maintains Tesla (NASDAQ:TSLA) with a Neutral and lowers the price target from $190 to $175.

Morgan Stanley analyst Adam Jonas maintains Tesla (NASDAQ:TSLA) with a Overweight and maintains $310 price target.

Deutsche Bank analyst Emmanuel Rosner maintains Tesla (NASDAQ:TSLA) with a Buy and maintains $189 price target.

Tesla’s (TSLA) deliveries are likely to bottom by Q2 following a weak Q1 and before a “major rejuvenation of the model cycle,” Morgan Stanley said Thursday in a report. “Tesla’s weak Q1 update is a clear sign of the ongoing EV ‘shake-out’ phase,” Morgan Stanley said. The company reported 386,810 vehicle deliveries in Q1, trailing the Visible Alpha consensus estimate of 454,200. Morgan Stanley lowered its full-year forecast for the company’s deliveries to 1.75 million from 1.95 million. The investment firm also cut long-term delivery projections through 2030. Morgan Stanley also reduced its estimates for Tesla’s 2024 operating margin, free cash flow and non-GAAP earnings per share. The firm maintained its overweight rating on Tesla, partly because of its position as an artificial-intelligence beneficiary. The price target on stock was cut to $310 from $320.

Morgan Stanley analyst Adam Jonas maintains Tesla (NASDAQ:TSLA) with a Overweight and lowers the price target from $320 to $310.

Potential Tesla Cybertruck buyers will now have to wait till 2025 to take deliveries of their vehicles if they place an order today. Tesla’s website now shows the expected delivery time as 2025 for both the all-wheel drive version of the Cybertruck and the higher-end Cyberbeast. It previously showed 2024. One can place an order for the Cybertruck with a fully refundable $250. The company will then invite order holders when the truck is ready to be configured. Cybertruck Production And Deliveries: Tesla does not segment its delivery numbers model-wise, making it difficult to ascertain how many Cybertrucks have been delivered since the company commenced deliveries in November. The company produced 20,995 units of Model S, X, and the Cybertruck cumulatively in the first quarter and delivered 17,027 units. Tesla plans to eventually deliver 250,000 Cybertrucks per year. However, Musk has previously cautioned that this milestone will not be reached this year but only

Tesla’s (TSLA) Q1 delivery figures were a “big miss” even amid a “very lowered bar,” UBS said in a note to clients emailed on Wednesday. The company said Tuesday it delivered 386,810 vehicles for the March quarter, compared with projections on Visible Alpha for about 454,200 units. It made 433,371 vehicles during the three-month period, lower than the forecast for 462,100 units. “Based on our conversations, buy-side expectations were lower, with the ‘bogey’ likely ~415k-420k,” said UBS analysts including Joseph Spak. “The lowest buy-side expectation we heard was ~400k, and results were ~3% below that figure.” The analysts said that “unique events” during the quarter — such as ramping the refreshed Model 3 at the Fremont plant, downtime caused by the Red Sea disruption, and an arson incident at the Berlin plant — hit production but demand seems to be slowing. “Showing a y/y delivery decline, especially at a rate

HSBC analyst Michael Tyndall maintains Tesla (NASDAQ:TSLA) with a Reduce and lowers the price target from $143 to $138.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target by $15 to $220, based on a 2025 P/E of 55x, justified by long-term growth expectations. We lower our adjusted EPS estimates by $0.25 to $2.75 for 2024 and by $0.25 to $4.00 for 2025. TSLA posted Q1 vehicle sales of 386,810 units (-8.5% Y/Y), well short of the 457,000 consensus and our 460,000 estimate. Production totaled 433,371 units (-2% Y/Y) vs. our 440,000 estimate and was impacted by Red Sea shipping delays and an arson attack on its Berlin plant, where production was down for approximately eight days before electricity was restored. Cybertruck volumes were particularly disappointing, raising questions about its ramp-up of the new model. Despite near-term headwinds, we continue to regard Tesla as one of the market’s most compelling