Tesla (TSLA) PT Lowered to $138 at HSBC, 'cheaper cars are not necessarily driving higher volume'

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

April 4, 2024 6:10 AM EDT

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'

April 3, 2024 4:21 PM EDT

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'

April 3, 2024 6:11 AM EDT

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

Active options: TSLA NVDA AAPL AMD PLTR NKLA META AMZN GOOGL

April 2, 2024 3:44 PM EDT

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Tesla (TSLA) PT Lowered to $160 at TD Cowen

April 2, 2024 2:00 PM EDT

(Updated - April 2, 2024 2:02 PM EDT)

TD Cowen analyst Jeffrey Osborne lowered the price target on Tesla (NASDAQ: TSLA) to $160.00 (from $180.00) while maintaining a Hold rating, following the company's Q1 delivery report.

The analyst commented: '1Q24 deliveries of 386.8k were 12.7% below... More

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

April 2, 2024 11:20 AM EDT

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

Tesla (TSLA) call put ratio 1 calls to 1 put as share price down 5.9% as share price down 5.9%

April 2, 2024 11:19 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 40 to 66. Call put ratio 1 calls to 1 put as share price down 5.9% as share price down 5.9%.

... More

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

April 2, 2024 10:16 AM EDT

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

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April 2, 2024 10:11 AM EDT

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Oppenheimer Reiterates Perform Rating on Tesla (TSLA), 'expecting shares to be weak into April 23 earnings'

April 2, 2024 9:45 AM EDT

Oppenheimer analyst Colin Rusch reiterated a Perform rating and {REMOVEPT} price target on Tesla (NASDAQ: TSLA), following the company's Q1 deliveries report.

The analyst commented: 'With TSLA deliveries disappointing even the most bearish expectations, we believe sustainable GM levels will be the key concerns for investors as the company transitions toward increased... More

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

April 2, 2024 9:42 AM EDT

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

Tesla stock sinks 7% as Q1 deliveries miss analyst targets by a wide margin

April 2, 2024 9:24 AM EDT

Tesla (NASDAQ: TSLA) reported its first-quarter delivery numbers, falling short of the expectations set by analysts. Tesla stock fell more than 7% on the news. 

The electric vehicle giant delivered 386,810 vehicles against the estimated 449,080, according to Bloomberg consensus. 

... More

Tesla (TSLA) sinks 6% as Q1 deliveries miss

April 2, 2024 9:10 AM EDT

Tesla (NASDAQ: TSLA) sinks 6% as Q1 deliveries miss

Tesla produced over 433,000 vehicles and delivered approximately 387,000 vehicles. The delivery consensus was 449,080.... More

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

April 2, 2024 9:10 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 59; compared to its 52-week range of 40 to 66 into Q1 delivers of approximately 387,000 vehicles.

... More

Tesla (TSLA) Produced 433K Vehicles in Q1, Delivered 387K Vehicles

April 2, 2024 9:05 AM EDT

(Updated - April 2, 2024 9:06 AM EDT)

Tesla (NASDAQ: TSLA):

In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.

Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory... More

Tesla (TSLA) Q1 Deliveries 386,810, Below 449,080 Estimate

April 2, 2024 9:04 AM EDT

Tesla (NASDAQ: TSLA) Q1 Deliveries 386,810, Below 449,080 Estimate

... More

March deliveries of Tesla's China-made vehicles climbed 0.2% year-over-year

April 2, 2024 7:01 AM EDT

In March, Tesla (NASDAQ: TSLA) saw a slight increase in its sales of China-made electric vehicles, with a total of 89,064 units sold, marking a 0.2% rise from the previous year, according to data from the China Passenger Car Association (CPCA).

Compared to... More

Active options: TSLA NVDA AMD MU AMZN PLTR GOOGL AMC MSFT

April 2, 2024 5:33 AM EDT

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Tesla (TSLA) 30-day option implied volatility into quarter delivers report

April 2, 2024 5:17 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 40 to 66 into quarter delivers report.

... More

Tesla's China-made EV sales edge up 0.2% y/y in March

April 2, 2024 4:40 AM EDT

BEIJING (Reuters) - U.S. automaker Tesla sold 89,064 China-made electric vehicles in March, a 0.2% increase from a year earlier, China Passenger Car Association (CPCA) data showed on Tuesday.

Deliveries of China-made Model 3 and Model Y vehicles were up 47.5% from February.

Chinese rival BYD, with its Dynasty... More

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April 1, 2024 1:43 PM EDT

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Tesla (TSLA) call put ratio 1.2 calls to 1 put into quarter delivers report

April 1, 2024 11:02 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 59; compared to its 52-week range of 40 to 66. Call put ratio 1.2 calls to 1 put as share price down 2.6% into quarter delivers report.

... More

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April 1, 2024 9:59 AM EDT

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Would-be Tesla buyers snub company as Musk's reputation dips

April 1, 2024 6:07 AM EDT

By Hyunjoo Jin and Nick Carey

SAN FRANCISCO/LONDON (Reuters) - The ranks of would-be Tesla buyers in the United States are shrinking, according to a survey by market intelligence firm Caliber, which attributed the drop in part to CEO Elon Musk's polarizing persona.

While Tesla continued to post strong sales growth last year, helped by aggressive price cuts, the electric-vehicle maker is expected to report weak quarterly sales as early as Tuesday.

Caliber's "consideration score" for Tesla, provided exclusively to Reuters, fell to 31% in February, less than half its high of 70% in November 2021 when it started... More

Wells Fargo on Tesla (TSLA), 'Adding TSLA to Q2 ’24 Tactical Ideas List'

April 1, 2024 5:43 AM EDT

Wells Fargo analyst Colin Langan reiterated an Underweight rating and $125.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We have an Underweight rating on TSLA. We see moderating delivery growth driven by lower demand & diminished return on price cuts. We estimate auto gross margin ex credits fall by ~130bps y/y given... More