![]() ![]() Shares of TSLA are down 1.13% in pre-market trading on Thursday. ![]() Rivian (NASDAQ: RIVN) delivered 6.6k, in-line with the consensus of 6.7k.įor TSLA, Mizuho now sees F22E/F23E/F24E deliveries at 1.30M/1.9M/2.4M units (prior 1.34M/2.0M/2.5M). Rival company Nio (NYSE: NIO) reported 31.6k units, just shy of a 33.1k consensus. Rakesh continued, “we continue to see Tesla well positioned long-term with Texas Gigafactory ramping, Berlin Gigafactory now producing over 2k Model Ys per week (Link), China extending EV tax breaks through 2025, and Tesla again eligible for the $7,500 tax credit on select Model 3 and Model Y trims beginning Jan 1, 2023, which could accelerate demand.” Management noted logistical challenges in the quarter.Īnalyst, Vijay Rakesh wrote that “deliveries were impacted by logistics challenges and the inability to secure vehicle transport with higher production levels.” The company produced 365.9k units in the quarter, up 54% compared to last year. The average price target is 340.74 per share, representing 45 upside. However, the company still fell short of the consensus estimate of about 363k. NVDA started 2020 trading at around 59 per share. Tesla’s deliveries were 42% to 343.8k units compared to the same time last year. Mizuho Securities reiterated a Buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $370.00 (from 391.67) following the release of the electric vehicle company’s September delivery numbers. Claim your 1-week free trial to StreetInsider Premium here. Get instant alerts when news breaks on your stocks. ![]()
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