Tesla (TSLA) Deliveries Constrained but Catalysts Abound - Canaccord Genuity

Canaccord Genuity analyst Jed Dorsheimer reiterated a Buy rating and $1,200.00 price target on Tesla (NASDAQ: TSLA) after Tesla announced 1Q22 deliveries that set another record and nearly met the Street’s updated estimates.

The analyst stated "After last quarter's strong beat across the board, investors were looking for another homerun; however, we’ll have to settle for a ground-rule double. Elon tweeted the quarter was “exceptionally difficult due to supply chain interruptions and China zero Covid policy.” This quarter Tesla is putting runners in scoring position, following Giga Berlin’s grand opening 3/22, and the Cyber Rodeo at Giga Texas scheduled Thursday (4/7)."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $1084.59 yesterday.

You May Also Be Interested In

• Tesla Nears Unveiling of Radical New ‘Flying’ Roadster - The Information
• Rothschild Redburn Upgrades Apple (AAPL) to Buy
• Phillip Securities Downgrades Shopify (SHOP) to Accumulate