Deutsche Bank analyst Edison Yu maintains $Tesla (TSLA.US)$ with a buy rating, and maintains the target price at $295.
According to TipRanks data, the analyst has a success rate of 28.3% and a total average return of -12.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Tesla (TSLA.US)$'s main analysts recently are as follows:
Tesla reported a substantial gross margin outperformance in their third quarter and provided general guidance for a fourth-quarter volume exceeding 525,000 units, along with an anticipated growth of 20%-30% in 2025. The conversation around Tesla's pivot to autonomous vehicles continues, yet its strengthening fundamentals are acknowledged.
The firm has raised its estimates more significantly for 2024 to account for the Q3 results surpassing expectations and a forecasted robust completion of the year in both Tesla's automotive and energy storage divisions. The Cybertruck, the expansion of energy storage in China, and the progression of the 4680 battery technology are anticipated to enhance the company's margins going into 2025. The analyst notes that Tesla is expected to pass on the majority of its automotive cost savings to fuel further growth.
The firm is adjusting its estimates upwards after Tesla reported strong third-quarter results. Notably, automotive margins exceeded expectations and showed sequential improvement, attributed to reduced costs and the anticipation of less expensive vehicles expected to launch in the first half of 2025. Additionally, the projection of a 20%-30% increase in vehicle sales by 2025 was cited as a significant positive factor.
Note:
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