Tesla

Tesla Inc Says In Q4, We Produced ~495,000 Vehicles And Delivered Over 484,000 Vehicles; In 2023, Vehicle Deliveries Grew 38% YoY To 1.81M While Production Grew 35% YoY To 1.85M

Tesla Says In Q4 Model 3/Y Deliveries 461,538 Units; In Q4 Model 3/Y Production 476,777 Units; Q4 Other Model Deliveries 22,969 Units

Tesla’s fourth quarterly deliveries are due Tuesday morning. It’s a big number for the company. Tesla is trying to bounce back from a disappointing third-quarter result while fending off Chinese competition for the title of the largest maker of battery electric vehicles in the world. Wall Street expects Tesla to report deliveries between 475,000 and 480,000 units. That would be a record from the 466,000 delivered in the second quarter of 2023 and a nice rebound from the 435,000 delivered in the third quarter of this past year. Any number above 475,000 should be fine for the stock. Anything can happen, though, following the report. Tesla stock is volatile after reporting deliveries. Shares have moved an average of about 7%, up or down, following the last eight reports. The stock has dropped three times and risen five times. The biggest rise was after the fourth quarter 2021 delivery report when

Tesla (TSLA) might push deliveries in the final two weeks due to Inflation Reduction Act pull-forward, creating forecasting uncertainty, RBC Capital Markets said in a note. Analyst Tom Narayan said that RBC expects Tesla to deliver 456,000 vehicles in Q4, 1.1% below the consensus, based on registration data and app downloads. This would be an increase of 4.8% sequentially and would bring the total number of delivers in 2023 to 1.78 million units. The analyst said that RBC’s registration data trends point to a weak start to the quarter in Europe, China, and the US, but strength in China in November or early December. However, the firm did call registration data from China to be “choppy.” App downloads also show China being the strongest region, and suggest a stronger finish to the quarter across all regions, the analyst added. “Some of Tesla’s US customers will lose access to the $7,500

Cathie Wood and Tesla CEO Elon Musk sat down for a conversation that was more philosophical than practical. But for those willing to read between the lines, there were tidbits to be gleaned. Elon Musk Doesn’t Like Index Funds During the conversation, Musk and Wood touched on the bad timing of Tesla’s addition to the S&P 500. The shares were added on Dec. 21, 2020, when the company’s market capitalization was some $700 billion, up almost ninefold in the 12 months preceding the addition. Wood and Musk both commented that there is something odd about index investors missing out on all of that gain. Musk also suggested that passive investing vehicles, such as index funds, have grown too large and amplify gains and declines in stock prices. The growth of index investing isn’t something that can be managed or fixed, per se, but investors should be aware that the stock

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/22/2023 37.08% Wedbush $310 → $350 Maintains Outperform 12/18/2023 17.5% RBC Capital $301 → $300 Maintains Outperform 12/15/2023 -48.3% Guggenheim $125 → $132 Maintains Sell 12/14/2023 1.83% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 12/01/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/30/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/30/2023 -11.48% Truist Securities $226 → $226 Maintains Hold 11/28/2023 21.42% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -17.75% Jefferies $250 → $210 Maintains Hold 11/19/2023 15.54% Piper Sandler $290 → $295 Maintains Overweight 11/14/2023 48.83% Morgan Stanley $380 → $380 Maintains Overweight 11/14/2023 -7.96% Goldman Sachs $235 → $235 Maintains Neutral 11/09/2023 -42.82% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -47.13% JP Morgan $135 → $135 Maintains

By Tomi Kilgore Wedbush’s Dan Ives boosts price target on Tesla’s stock to $350, sees further EV share gains Tesla Inc. is poised to join the trillion-dollar club next year, defying growing Wall Street skepticism regarding electric vehicle demand, according to Wedbush analyst Dan Ives. The longtime bull on Tesla TSLA said the bear case on the company was that demand was eroding at a time when competition around the world was increasing. “Instead, Musk made a poker move for the ages and cut prices globally with China front and center to catalyze volumes/units which should now impressively be in the 1.8 million range for 2023,” the prolific analyst wrote in a note to clients. Ives reiterated the outperform rating he’s had on the stock for years, raising his 12-month price target to $350 from $310. The new target implies a market capitalization of $1.11 trillion at current share counts.

Morgan Stanley analyst and Tesla Inc (NASDAQ:TSLA) bull Adam Jonas on Thursday offered his two cents on the EV maker’s recent recall of over 2 million vehicles. What Happened: Early on Wednesday, Tesla issued a recall for over 2 million vehicles equipped with all versions of Autosteer, an autopilot feature, citing insufficient controls to prevent misuse, and offered a free software update. Jonas does not deem the recall to have a cost impact on Tesla in the upcoming year as it involves merely a software upgrade for the ‘fix’ to be deployed. Tesla’s Self-Driving Dreams: Citing his own experience as an autopilot user for over 3 years and Tesla’s Full Self-Driving (FSD) capability for over a year, Jonas said that FSD presently has greater value as a convenience feature than a safety feature. The most important aspect of it is knowing when to use it and when not to, Jonas said. While Tesla would have its own

Tesla (NASDAQ:TSLA) Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 12/15/2023 -47.71% Guggenheim $125 → $132 Maintains Sell 12/14/2023 3% Deutsche Bank $275 → $260 Maintains Buy 12/01/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/28/2023 22.81% Wedbush → $310 Reiterates Outperform → Outperform 11/20/2023 -16.8% Jefferies $250 → $210 Maintains Hold 11/09/2023 -42.16% HSBC → $146 Initiates Coverage On → Reduce 10/19/2023 -50.48% Guggenheim → $125 Reiterates Sell → Sell 10/19/2023 -66.33% Roth MKM → $85 Reiterates Neutral → Neutral 10/19/2023 1.02% Citigroup $271 → $255 Maintains Neutral 10/19/2023 22.81% Wedbush $350 → $310 Maintains Outperform 10/19/2023 50.55% Morgan Stanley $400 → $380 Maintains Overweight 10/19/2023 -0.96% Wells Fargo $260 → $250 Maintains Equal-Weight 10/16/2023 14.89% Piper Sandler $300 → $290 Maintains Overweight 10/16/2023 38.66% Wedbush → $350 Reiterates Outperform → Outperform 10/11/2023 7.36% Citigroup $278 → $271 Maintains Neutral 10/10/2023

Guggenheim analyst Ronald Jewsikow maintains Tesla (NASDAQ:TSLA) with a Sell and raises the price target from $125 to $132.

Wells Fargo analyst Colin Langan maintains Tesla (NASDAQ:TSLA) with a Equal-Weight and lowers the price target from $260 to $250.

Tesla Posts Q3 EPS of $0.66 on Revenue of $23.35 Billion, Vs CIQ Analyst Consensus of $0.73/Share on Revenue of $24.1 Billion。