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wrote a post01/04/2022 10:24

Tesla Analysts Up Price Target Following Q4 Deliveries Beat; '2022 The Year EV Maker Begins To Perform Like A Tera-Cap'

$Tesla(TSLA.US)$ shares have got off to a flying start in the new year, thanks to stellar fourth-quarter deliveries reported by the electric vehicle maker.

The Tesla Analysts: RBC Capital Markets analyst Joseph Spak maintained a Sector Perform rating on Tesla shares and increased the price target from $950 to $1,005.

Morgan Stanley analyst Adam Jonas maintained an Overweight rating and a $1,200 price target.

CFRA analyst Garrett Nelson upgraded Tesla shares from Hold to Buy and increased the price target from $875 to $1,250.

JPMorgan analyst Ryan Brinkman maintained an Underweight rating and increased the price target from $250 to $295.

Morgan Stanley's 3 Key Thoughts: Tesla's fourth-quarter deliveries were roughly 15% ahead of the consensus and came before contribution from Gigafactory Austin and Gigafactory Berlin, which ultimately are likely to be far larger plants than Fremont and Shanghai, Morgan Stanley analyst Jonas said.
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