Analysts at Baird led by Ben Kallo expect that number to come in higher than Wall Street anticipates.
Tesla is breaking out of a summer trading range, with shares approaching a critical $260 resistance level that could signal a move to $300. Tesla's operational advantages, including its EV production capacity and FSD technology, position it well against domestic and international competitors. Revenue growth is expected to accelerate in 2025 and 2026, driven by new factories and potential Cybertruck deliveries, despite low single-digit growth in 2024.
Li Auto (NYSE: LI) stock price has staged a strong recovery in the past few days, joining other Chinese EV companies like Xpeng and Nio. It has risen in the last three consecutive days, reaching a high of $24.75, its highest point since May 13, and 41% above the current level.
In the most recent trading session, Tesla (TSLA) closed at $254.27, indicating a +1.71% shift from the previous trading day.
Now that the Fed's meeting and first rate cut are done and dusted, traders are looking for that next big catalyst to create a bullish thesis, perhaps even outside the AI space.
Tesla Inc (NASDAQ:TSLA) is set to report its third quarter vehicle deliveries on October 2, with investors expecting this to fall anywhere in the range of 465,000 to 480,000. Analysts at UBS have raised their delivery expectations to 470,000, which they noted is towards the lower end of estimates.
Ben Kallo, Baird senior research analyst, joins 'Squawk on the Street' to discuss what Kallo attributes the recent rise in Tesla's share price to, what Baird is modeling for Tesla, and more.
Barclays has raised its forecast for Tesla's (TSLA) third-quarter deliveries to 470,000 vehicles, significantly above Wall Street's prediction of 461,000. This bullish outlook is driving Tesla's stock higher.
Tesla (TSLA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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Here's everything you need to know about the electric vehicle maker's week.
Shares of electric-vehicle maker Tesla are now sporting a year-to-date gain after Monday's close. Optimism for rising EV sales is lifting shares Tuesday.