Tesla Set To Surpass Q4 Delivery Target? Top Analyst's Confidence Soars For Bullish 2024 On 'Strong Data'
Portfolio Pulse from Shanthi Rexaline
Wedbush analyst Daniel Ives maintains an Outperform rating on Tesla, Inc. (NASDAQ:TSLA) with a $350 price target, citing strong data from China and global price stabilization. Ives is optimistic about Tesla surpassing its Q4 delivery target, with China registrations indicating a potential record in quarterly deliveries. He also commends Tesla's strategic price cuts and anticipates 25%-30% year-over-year unit growth. Ives sees the supercharger network and FSD software as significant value drivers for Tesla's future.
December 27, 2023 | 5:04 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wedbush analyst Daniel Ives is optimistic about Tesla surpassing its Q4 delivery target, with strong data from China and global price stabilization. He maintains an Outperform rating with a $350 price target, and sees the supercharger network and FSD software as significant future value drivers.
The positive outlook from a reputable analyst like Daniel Ives, especially with the specific mention of strong delivery data from China, is likely to instill confidence in investors and could lead to a short-term positive impact on Tesla's stock price. The anticipation of surpassing Q4 delivery targets and the potential for significant value drivers in the future, such as the supercharger network and FSD software, further support a bullish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100