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UBS Reiterates Buy Following Tesla (TSLA) 3Q Deliveries and AI Day
October 4, 2022 7:21 AM EDTUBS reiterated a Buy rating and $367.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle company delivered 343,830 vehicles in the 3Q, a miss compated to the consensus estimate of 364k. However, production was in line with estimates at 365,923 units produced.
Tesla said in the release that as our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began... More
Morgan Stanley Remains Bullish Following Tesla (TSLA) 3Q Delivery Miss
October 4, 2022 7:05 AM EDTMorgan Stanley reiterated an Overweight rating and $383.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle makers 3Q delivery volume missed consensus estimates by 5% and Morgan Stanley estimates by 10%. Management cited logistics bottlenecks as the reason for the... More
