Tesla (TSLA) PT Raised to $238 at Truist Securities, 'More questions than answers', 'where's the beef?'

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $238.00 (from $236.00) while maintaining a Hold rating.

The analyst comments "More questions than answers. In Q3 TSLA delivered GPM & EPS upside from lower auto COGS & higher regulatory credits. While CEO Musk forecasted strong unit growth in CY25 and praised his company's opportunities in auto growth, FSD, and Optimus, we're left asking ourselves, "where's the beef?" TSLA offered no details on a CY25 model, no details on improved FSD, and no details on its plans for Optimus. Similar to our views post-Robotaxi day, we were left expecting more. CY25 EPS to $3.74 (from $3.24). DCF-derived PT to $238 (from $236). Hold."

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