Barclays on Tesla (TSLA): We estimate 4Q deliveries at ~490k units, ahead of consensus ~480k

Barclays analyst Dan Levy reiterated an Equalweight rating and $260.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Expect 4Q deliveries at ~490k units, ahead of cons. ~480k; 2. 4Q production ~472k units, up q/q, implies inventory drawdown; 3. US + EU subsidy reductions could be 4Q volume tailwind via pre-buy; 4. Below cons. on '24 deliveries amid model saturation, rising global discounting, subsidy roll-off."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $253.50 yesterday.

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