Barclays has adopted a cautious stance on Tesla (NASDAQ:TSLA) over the electric vehicle maker’s potential results this Q2 2024. In line with their outlook, Barclays analysts have maintained an “Equal-Weight” rating and a price target of $180 per share for TSLA stock.
As per Barclays’ analysts, Tesla’s deliveries this second quarter will likely be around 415,000 units. While this represents an improvement over the 386,810 vehicles that Tesla delivered in the first quarter of 2024, the analysts noted that the number is still significantly lower than the consensus estimate of 444,000 units.
“We estimate 2Q deliveries of ~415k units, below current consensus of 444k,” the analysts stated. The firm, however, has noted that its estimate is “somewhat in line with more muted buyside…
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