Barclays analysts reiterated their Equalweight rating on Tesla (NASDAQ:TSLA) stock with a price target of $180. The analysts expect Tesla to report second-quart

Barclays Reiterates Equalweight Rating on Tesla, Highlights Potential Challenges


blog post cover photo

Image credit: FMP

Barclays analysts reiterated their Equalweight rating on Tesla (NASDAQ:TSLA) stock with a price target of $180.

The analysts expect Tesla to report second-quarter deliveries of approximately 415,000 units, a decline of 11% year-over-year and below the Street estimate of 444,000 units. However, this figure might align with more conservative buy-side expectations. The second quarter has shown notable weakness in Europe, and production is expected to be around 420,000 units, indicating a further build-up in inventory.

Margins for Q2/24 may reach a new low, with further negative EPS revisions anticipated. Although much of the current focus on Tesla has shifted to its strategic pivot toward autonomous vehicles (AV) and artificial intelligence (AI) rather than vehicle manufacturing, the analysts believe that a weak delivery report could redirect attention, at least temporarily, to the challenging fundamentals Tesla is currently facing. This could lead to continued downward revisions for Tesla's 2024 and 2025 estimates.

Other Blogs

Nov 25, 2023 6:39 AM - Parth Sanghvi

DCF Valuation vs. Comparable Companies Analysis: Choosing the Right Valuation Method

Choosing the Right Valuation Method: DCF vs. Comparable Companies Analysis Introduction: Valuation methods play a pivotal role in determining the fair value of a company, aiding investors in making informed investment decisions. Two commonly used methods, DCF Valuation and Comparable Companies A...

blog post title

Dec 23, 2023 2:19 AM - Parth Sanghvi

Understanding the Limitations of DCF Analysis: A Guide to Overcoming Challenges

Introduction: Discounted Cash Flow (DCF) analysis stands as a cornerstone in valuing investments, yet its efficacy is contingent upon various assumptions and methodologies. While a powerful tool, DCF analysis comes with inherent limitations and challenges that investors must acknowledge to make i...

blog post title

Dec 25, 2023 2:28 AM - Parth Sanghvi

Integrating Sustainability into Valuations: Navigating ESG Factors within the Discounted Cash Flow (DCF) Model

Introduction: The investment landscape is undergoing a profound shift with a heightened emphasis on sustainability and responsible investing. In this blog post, we explore the intersection of Environmental, Social, and Governance (ESG) considerations within the Discounted Cash Flow (DCF) model, h...

blog post title


Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
2017-2024 © Financial Modeling Prep