Tesla (TSLA) option implied volatility into Q1 delivers of approximately 387,000 vehicles

Tesla (TSLA) PT Lowered to $310 at Morgan Stanley, 'Near Term Fearful vs. Long Term Greedy'

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $320.00) while maintaining a Overweight rating.

The analyst comments "Teslas weak 1Q update is a clear sign of the ongoing EV shakeout phase. Our revised FY24 delivery est... More

Tesla (TSLA) PT Lowered to $115 at JPMorgan, 'We are slashing our estimates and price target'

JPMorgan analyst Ryan Brinkman lowered the price target on Tesla (NASDAQ: TSLA) to $115.00 (from $130.00) while maintaining a Underweight rating.

The analyst comments "

We are slashing our estimates and price target for Tesla shares after updating for 1Q24 deliveries which yesterday tracked materially softer than JPM and consensus expectations and which we estimate could spell trouble for investor confidence in the companys long-term growth outlook that is so critical to sustaining the stocks rarified valuation multiple. In fact, Tesla vehicle sales appear to have missed analyst estimates by the... More

Tesla (TSLA) PT Lowered to $189 at Deutsche Bank, 'worries over volume and earnings could continue to dampen investor sentiment'

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $189.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "As we previewed, we think worries over volume and earnings could continue to dampen investor sentiment and put... More

Goldman Sachs Reviews Tesla (TSLA) Deliveries Update: 'We believe key debates will now shift to...'

Goldman Sachs analyst Mark Delaney reiterated a Neutral rating and $190.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "While we had lowered our 1Q forecast in mid March to 435K from 475K based on weak monthly datapoints, deliveries were still well below our reduced estimate. Although some of the weakness in 1Q should be temporary and due to production issues, we now believe 2024 deliveries are likely to be lower than the 1.98 mn (+9.5% yoy) we had been forecasting as the delivery report implies a higher degree of market and competitive pressure than... More

RBC Capital Issues Negative Sentiment on Tesla (TSLA) Post Below Consensus Estimate Q1 Deliveries Report

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $290.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Sentiment: Negative. What do we think? Obviously a much softer than expected result for Q1. We think Buyside was calling for ~400-420k, so even in that context, the result is a miss. The release calls out the ''early phase of the production ramp of the updated Model 3 and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict... More

Wedbush's Dan Ives on Q1 Deliveries Tesla (TSLA): 'Could Be Turning Point in Story If Musk Does Not Reverse Trend'

Wedbush analyst Daniel Ives reiterated an Outperform rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Disaster 1Q; Could Be Turning Point in Story If Musk Does Not Reverse Trend. Tesla announced its 1Q deliveries this morning which negatively shocked the Street coming in at 386.8k vehicles vs. Street's expectations of ~443k with whisper expectations in the 415k range. Model 3/Y deliveries were 369.7k in the quarter as the company claims volume declines were partially due to early phases of the production ramp of the updated Model 3 and factory shutdowns from... More