Tesla (TSLA) Says it Delivered 462.89K Vehicles in Q3 vs 463.9K Expected

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Tesla (TSLA) PT Raised to $130 at JPMorgan, 'We are modestly lowering our estimates for 3Q24 earnings'

October 3, 2024 8:35 AM EDT

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

The analyst comments "We are modestly lowering our estimates for 3Q24 earnings (to EPS of $0.60 from $0.64 prior), primarily on account of 3Q deliveries of 462,890, which tracked -4.4% less than the... More

Bernstein SocGen Group Reiterates Underperform Rating on Tesla (TSLA)

October 3, 2024 5:53 AM EDT

Bernstein SocGen Group analyst Toni Sacconaghi reiterated an Underperform rating and $120.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla reported Q3 deliveries of ~463k (+6% YoY, +5% seq), in line with sell-side consensus of 462k, and likely slightly below third party expectations (~470K). Q3 units produced were 470K, resulting in a slight build in inventories, which are now 3.7 weeks. Energy storage shipments were 6.9 GWh, up 73% YoY, but... More

Tesla (TSLA) PT Raised to $236 at Truist Securities

October 2, 2024 3:48 PM EDT

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $236.00 (from $215.00) while maintaining a Hold rating.

The analyst comments "Q3 Deliveries ~inline. Today, TSLA announced that it delivered 463k units in 3Q24, ~inilne with Street expectations but slightly... More

Stifel Reiterates Buy Rating on Tesla (TSLA)

October 2, 2024 10:35 AM EDT

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

The analyst comments "We believe TSLA's 3Q24 production and delivery numbers are a modest negative for the shares. 3Q24 total deliveries of 462,890 were very close to our 465,169 estimate and... More

Evercore on Tesla (TSLA): 'a slight expectational disappointment'

October 2, 2024 10:20 AM EDT

Evercore on Tesla (NASDAQ: TSLA): 'a slight expectational disappointment'.

The analyst comments " TSLA Q3 deliveries of 463k a slight expectational disappointment (recently heightened buyside at ~470k; cons 462k) while production 470k. TSLAs trailing 7Q avg deliveries 443k (inventory est. 127k) &... More

Barclays Cautious on Tesla (TSLA): 'expecting a more robust beat, potentially pressuring stock'

October 2, 2024 9:50 AM EDT

Barclays analyst Dan Levy reiterated an Equalweight rating and $220.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We believe investors were likely expecting a more robust beat, potentially pressuring stock. 3Q prod 470k just above cons ~466k; slight inv build inline with... More

Wedbush on Tesla (TSLA) Deliveries: 'Step in the Right Direction'

October 2, 2024 9:35 AM EDT

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

The analyst comments "We continue to believe AI/ FSD represents a $1 trillion of value alone for Tesla over the coming years...next week it's time for Musk... More