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Wells Fargo expects Tesla (TSLA) to miss Q1 estimates

Wells Fargo analysts said in a note Friday that they expect Tesla (NASDAQ: TSLA) to miss first-quarter expectations when it reports on April 23.

Despite the anticipated miss, the investment bank acknowledges that expectations for Tesla's release are low after weak deliveries during... More

Tesla (TSLA) PT Lowered to $120 at Wells Fargo, 'we expect a Q1 miss'

Wells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $120.00 (from $125.00) while maintaining a Underweight rating.

The analyst comments "While we expect a Q1 miss, expectations are low after weak deliveries. Poor fundamentals
may be overshadowed on the... More

Tesla (TSLA) PT Lowered to $180 at Citi, 'Updating Model Ahead of Q1; RoboTaxi Unveil Thoughts'

Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $180.00 (from $196.00) while maintaining a Neutral rating.

The analyst comments "Thoughts on Upcoming RoboTaxi Unveil First, we agree with Teslas emphasis on AV, which weve long viewed as the most disruptive mobility megatrend (here). For the Aug 8th unveil, we can see two scenarios: (1) An event that feels similar to the 2019 Autonomy Day, in which Tesla reveals a purpose-built RoboTaxi... More

Morgan Stanley's Adam Jonas: 'Tesla and Nvidia: The Journey to AI Supremacy' (TSLA) (NVDA)

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "In the journey to AI supremacy, there are a number of attributes and gating factors that investors are increasingly locked in on: 1. Data. Tesla recently achieved 1bn miles traveled for its full self-driving (FSD) service. Tesla's fleet drives more miles in 5 minutes than Apple's (now cancelled) autonomous fleet had reportedly driven in a year. By 2030, we estimate Tesla's global vehicle fleet will approach 40 million units in service, driving over 400 billion miles per year. Over 1... More

BofA on Tesla (TSLA): 'We think that Tesla will face mounting profit pressure'

BofA on Tesla (NASDAQ: TSLA): 'We think that Tesla will face mounting profit pressure'.

The analyst comments "We think that Tesla will face mounting profit pressure from a weaker demand environment. Unless TSLA taps into new geographical markets, we see it hard... More

Tesla (TSLA): Analysts at Jefferies, Piper Sandler see 2024 sales drop

Both Piper Sandler and Jefferies analysts see Tesla's (NASDAQ: TSLA) 2024 sales declining following last week's disappointing first-quarter delivery numbers.

Piper Sandler analysts maintained an Overweight rating but cut their price target for Tesla to $205 per share from $225 per share.

In a research note, the firm told investors that they now expect 1.799 million deliveries in 2024, a... More