Tesla 'Mojo Is Back,' Tech Analyst Dan Ives Says Ahead Of Q3 Deliveries
Portfolio Pulse from Erica Kollmann
Tech analyst Dan Ives from Wedbush expects Tesla's Q3 deliveries to exceed expectations, driven by strong demand in China. He anticipates positive catalysts like the upcoming Robotaxi event and believes Tesla's price cuts are mostly over, with gross margins set to rebound. Wedbush maintains an Outperform rating and a $300 price target for Tesla.
September 27, 2024 | 5:02 pm
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Wedbush analyst Dan Ives expects Tesla's Q3 deliveries to exceed the consensus estimate, driven by strong demand in China. He sees positive catalysts ahead, including the Robotaxi event, and believes price cuts are mostly over, with gross margins set to rebound. Wedbush maintains an Outperform rating and a $300 price target.
The expectation of Tesla's Q3 deliveries exceeding estimates is likely to boost investor confidence and positively impact the stock price. Strong demand in China and upcoming events like the Robotaxi event are seen as positive catalysts. The belief that price cuts are over and margins will rebound further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100