China sales are likely to be the highlight of Tesla's upcoming deliveries data.
The Investment Committee discuss the latest Calls Of The Day.
Elon Musk is worth more than Salesforce or Pepsi after a $100 billion wealth gain since April. His fortune tanked by $65 billion in the spring but has rallied to $270 billion.
Rate cuts can boost demand as previous headwinds impacting affordability in a rate hike or higher-for-longer rates environment are put behind. Rate cuts also help long-duration equities such as Tesla. Wall St analysts seem to be banking on China's deliveries strength, but I am not as gung ho on this bullish driver, as I don't see meaningful outlier performance here. Tesla's valuations are high as investors are more confidently baking in growth optionalities from Robotaxis amid a rates-easing environment.
Deutsche Bank analyst Edison Yu expects Tesla's third-quarter deliveries to rise year over year and, at least, match Wall Street's consensus call.
24/7 Wall St. Insights Ford Motor Co. (NYSE: F) and Tesla Inc.
Hamilton Capital chief investment officer Alonso Munoz joins the latest edition of Good Buy or Goodbye to discuss his best and worst picks in the electric vehicle industry. Munoz points to Tesla (TSLA) as a good buy, explaining that the company's autonomous driving initiatives will be key to its next phase of growth.
Ross Gerber says Tesla (TSLA) needs to prove itself with its robotaxi event slated for October 10th. Gerber says its "generous" to be "cautiously optimistic" for the event with Waymo's head start on the self-driving scene.
October 10th is Tesla's (TSLA) big day. The company is scheduled to show off its robotaxi, but will the presentation be enough for investors to buy into the stock?
Piper Sandler raised its price target on Tesla (TSLA) to $310 from $300, and upped its estimates for expected 3Q deliveries. The same can't be said for several American automakers after getting a downgrade from Morgan Stanley.
The share price of electric vehicle manufacturer Tesla (NASDAQ: TSLA) is creating a buzz in the market amid anticipation of impressive Q3 2024 results, and now analysts are stepping in to offer their outlook on the equity.
Tesla's stock has been on a tear in September, and Baird analyst Ben Kallo expects more gains are to come after the electric vehicle giant reports deliveries data next week.