Tesla (TSLA) July 5 weekly 220 calls active as share price up 6.4%

Go back to Tesla (TSLA) July 5 weekly 220 calls active as share price up 6.4%

Wolfe Asks: 'Has Tesla's (TSLA) sleeping giant finally awoken?'

July 3, 2024 7:18 AM EDT

Wolfe Asks: 'Has TTesla (NASDAQ: TSLA) sleeping giant finally awoken?'

The analyst comments "Tesla reported better than expected Q2 deliveries of 444k vehicles (-4.8% y/y), ahead of Consensus at 437.8k and wellahead of our estimate of 419k (we think buyside expectations were in the ~420k range). Meanwhile, with production down 14.4% y/y (to 410.8k), TSLA was able to meaningful reduce in-transit... More

JPMorgan on Tesla (TSLA): 'We estimate Tesla also lost ground vs. the total auto industry'

July 3, 2024 4:55 AM EDT

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $115.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "TSLA shares rallied +10.2% Tuesday vs. the S&P 500 +0.6%, ostensibly upon the release of 2Q24 sales and production figures, which showed that Teslas vehicle deliveries... More

Truist on Tesla (TSLA): 'we believe lower production may be related to retooling for new model introductions, and will help reduce inventory'

July 2, 2024 1:00 PM EDT

Truist Securities analyst William Stein reiterated a Hold rating and $162.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments " 2Q24 deliveries are slightly above consensus; we expect reduced production to help normalize inventory levels. Earlier today, TSLA announced Q2 unit deliveries were 444k in the quarter (down 5% y/y), 1.7%... More

Tesla (TSLA) PT Raised to $254 at Canaccord Genuity, 'We are autonomy uber-bulls'

July 2, 2024 12:25 PM EDT

Canaccord Genuity analyst George Gianarikas raised the price target on Tesla (NASDAQ: TSLA) to $254.00 (from $222.00) while maintaining a Buy rating.

The analyst comments "The most important question going into earnings. Teslas upcoming earnings report after the market close on July 23rd will bring lots of new information: margin results, (possible) details on new vehicles, energy storage... More

Morgan Stanley on Tesla (TSLA): '1st Positive Surprise of the Year'

July 2, 2024 11:16 AM EDT

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

The analyst comments "Tesla started its Independence Day celebration early with a positive 2Q delivery beat, 33k lower inventory and a large storage beat to remind investors it's not just an auto company. 1. Deliveries beat, but... 2Q deliveries came to 443,956 units vs. MS at 427,303 and cons at 437,812. While this is one of the first and only positive auto surprises of the year for Tesla, we still believe matching last years delivery number would... More

RBC Capital Out Positive on Tesla (TSLA), 'Energy Storage a Positive Surprise'

July 2, 2024 11:12 AM EDT

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $227.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "What do we think? As we thought might happen, June deliveries in the US likely improved vs April's 47K, and May's 52K. We suspect they were closer to 70K, consistent with app download data. We conservatively assumed a 55K June level. We expect Europe was 36K in June, up from 14k/19k in April/May, consistent with App download data, and with our estimate. China, meanwhile, came in at 71K in June... More

Goldman Sachs Out Mixed on Tesla (TSLA)

July 2, 2024 10:20 AM EDT

Goldman Sachs analyst Mark Delaney reiterated a Neutral rating and $175.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla reported preliminary 2Q24 vehicle deliveries of about 444k (up 15% qoq and down 5% yoy), and production of about 411k vehicles (down 14% yoy). This compares to 1Q24 deliveries of about 387K and... More

Stifel Out Positive on Tesla (TSLA) and Rivian (RIVN) Now

July 2, 2024 10:15 AM EDT

Stifel analyst Stephen Gengaro reiterated a Buy rating and $265.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We believe 2Q24 delivery numbers from TSLA and RIVN are positive for the shares. TSLA deliveries of 443,956 exceeded the consensus of about 438,000 and our... More

Citi Reiterates Neutral Rating on Tesla (TSLA), 'Quick Take on Q2 Deliveries & Production'

July 2, 2024 10:13 AM EDT

Citi analyst Itay Michaeli reiterated a Neutral rating and $182.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla reported Q2 deliveries of 444.0k (-5% YoY, +15% QoQ), 1.4% above the 437.8k consensus, which was generally viewed as aggressive. In addition to the delivery... More