Tesla's (TSLA) Giga Berlin Hits Another Stumbling Block, November Start Now Very Unlikely

Tesla (TSLA): New Price Target of $1,200 Implies HALF the Company's Growth Target - Morgan Stanley

October 25, 2021 6:29 AM EDT

Morgan Stanley Adam Jonas reiterated an Overweight rating on Tesla (NASDAQ: TSLA) and raised the price target to $1,200.00 per share from the prior $900.00.

A new price target implies roughly ½ the companys growth target, a constrained China and virtually no autonomy, Jonas wrote in a client note.

The next 12 months can demonstrate Teslas manufacturing leadership, a step change in costs/complexity and higher growth in the vehicle user base, the analyst added.

The price target change comes after Tesla reported better-than-expected 3Q earnings and even stronger... More

Tesla (TSLA) PT Raised to $625 at Cowen

October 21, 2021 8:44 AM EDT

Cowen analyst Jeffrey Osborne raised the price target on Tesla (NASDAQ: TSLA) to $625.00 (from $580.00) while maintaining a Market Perform rating.

The analyst commented, "Tesla delivered EPS upside as record margins reflected increased volumes and improved mix from Model Y strength.... More

Tesla (TSLA) Beats EPS and Revenue Views on Improving Gross Margins, Analysts Praise Very Solid Quarter But Warn of 'Aggressive Valuation' as Stock 'Priced to Perfection'

October 21, 2021 6:04 AM EDT

Shares of Tesla (NASDAQ: TSLA) are down about 1% in pre-open Thursday despite the EV giant posting better-than-expected Q3 results.

Elon Musk and Co reported Q3 EPS of $1.86 to beat the analyst estimate of $1.58. Revenue for the quarter came in at $13.76 billion versus the consensus estimate of $13.62 billion.

Record results were fueled by even stronger gross margins - 30.5% on the auto business and 26.6% overall.

The third quarter of 2021 was a record quarter in many respects. We achieved our best-ever net income, operating profit and gross profit. Additionally, we reached an operating margin of 14.6%,... More

RBC Capital Explains Why Tesla (TSLA) Margins are So Impressive, PT Raised to $800

October 21, 2021 4:28 AM EDT

RBC Capital analyst Joseph Spak raised the price target on Tesla (NASDAQ: TSLA) to $800.00 (from $755.00) after 3Q21 showed potential power of TSLA business model after Auto GM came in at 30.5%, especially strong, considering a -6% y/y ASP decline due to mix.

The... More

Tesla (TSLA) PT Raised to $950 at Mizuho Securities

October 21, 2021 4:09 AM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on Tesla (NASDAQ: TSLA) to $950.00 (from $825.00) while maintaining a Buy rating.... More

Tesla (TSLA) Reported Q3 Beat, Achieved Record Profitability

October 20, 2021 4:33 PM EDT

Tesla (NASDAQ: TSLA) reported its Q3 earnings result, with EPS coming in at $1.86 and revenue at $13.76 billion (up 57% year-over-year), beating the consensus estimates of $1.58 and $13.62 billion, respectively.

Q3 was a record quarter, as the company achieved its best-ever net income, operating profit,... More

Tesla says new factories will need time to ramp up, posts record revenue

October 20, 2021 4:08 PM EDT

By Hyunjoo Jin and Subrat Patnaik

(Reuters) - Tesla Inc said on Wednesday its upcoming factories and supply-chain headwinds would put pressure on its margins after it beat Wall Street expectations for third-quarter revenue on the back of record deliveries.

The world's most valuable automaker has weathered the pandemic and the global supply-chain crisis better than rivals, posting record revenue for the fifth consecutive quarter in the July-to-September period, fueled by a production build-up at its Chinese factory.

But the company led by billionaire Elon Musk faces challenges growing earnings in coming quarters due to supply... More