FMP
Baird Reiterates Outperform Rating on Tesla, Expects Strong Q2 EPS and Potential Beat
Jul 16, 2024 5:01 PM - Davit Kirakosyan
Image credit: FMP
Baird analysts reaffirmed their Outperform rating for Tesla (NASDAQ:TSLA) with a price target of $280, noting they believe that the setup for Tesla's Q2 earnings is favorable and anticipate a high likelihood of an EPS beat. The analysts pointed to a stable pricing environment during the quarter, increased revenue from full self-driving, and significant outperformance in the Energy Segment as key factors supporting a robust quarter.
Additionally, Baird expects Tesla to unveil its next-generation platform at the forthcoming "Robotaxi" event, a view reinforced by recent delays and comments from CEO Elon Musk.
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