Tesla (TSLA) Delivered 343,830 EV Units in Q3, Misses Estimates
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UBS Reiterates Buy Following Tesla (TSLA) 3Q Deliveries and AI Day
October 4, 2022 7:21 AM EDTUBS reiterated a Buy rating and $367.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle company delivered 343,830 vehicles in the 3Q, a miss compated to the consensus estimate of 364k. However, production was in line with estimates at 365,923 units produced.
Tesla said in the release that as our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began... More
Morgan Stanley Remains Bullish Following Tesla (TSLA) 3Q Delivery Miss
October 4, 2022 7:05 AM EDTMorgan Stanley reiterated an Overweight rating and $383.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle makers 3Q delivery volume missed consensus estimates by 5% and Morgan Stanley estimates by 10%. Management cited logistics bottlenecks as the reason for the... More
Buy Tesla (TSLA) on Weakness Given Market Share Gains - Chowdhry
October 3, 2022 10:36 AM EDTGlobal Equities Research analyst Trip Chowdhry reiterated an Overweight rating and $760.00 price target on Tesla (NASDAQ: TSLA), telling clients to buy on weakness as they see market share gains. The analyst highlighted:
1. Our research indicated that TSLA had increased the number of shipping... More
Truist Raises Price Target Following Tesla (TSLA) AI Day
October 3, 2022 10:20 AM EDTTruist Securities reiterated a Buy rating on electric vehicle maker, Tesla (NASDAQ: TSLA) and raised the price target to $348.00 (From $333.33) following the companys AI day on Friday. During the event, Tesla provided updates to their Full Self-driving program (FSD), Dojo, and their progress with the humanoid AI robot, Optimus.
Tesla announced the Optimus at last years AI day with a person wearing a robot costume. This year, company brought a real robot. While a live demo was limited to showing the robot walking, waving, and dancing, a video demonstration showed... More
Tesla (TSLA) Hits Low, Down 7%
October 3, 2022 9:37 AM EDTTesla (NASDAQ: TSLA) Hits Low, Down 7%
Tesla (TSLA) Now 'Unlikely' to Hit Its 50% Delivery Growth Goal for 2022 - Analyst
October 3, 2022 5:50 AM EDTShares of Tesla (NASDAQ: TSLA) are down over 4% in pre-open Monday after the electric vehicle (EV) giant reported lower-than-expected Q3 deliveries.
Tesla said it managed to deliver 343,830 units in Q3, lower than the 359,162 vehicle deliveries expected, according to Refinitiv. The Bloomberg consensus stood at 357,938 while estimates compiled by Street Account showed that analysts were expecting Tesla to report deliveries of 364,660 cars.
"Historically, our delivery volumes have skewed towards the end of each quarter due to regional batch building of cars," Tesla said in a statement.
"As our production volumes continue to... More
