"Nine Wall Street firms made adjustments to their outlook on Tesla shares in the form of price target increases since last Wednesday's call, all of which are indications of big expectations for the stock moving forward. Here are the nine firms that made moves: Truist - $280 to $406, reiterated Hold rating Roth MKM - $395 to $404, reiterated Buy rating Cantor Fitzgerald - $355 to $510, reiterated Overweight rating Deutsche Bank - $435 to $440, reiterated Buy rating"
"Mizhuo - $450 to $485, reiterated Outperform rating New Street Research - $465 to $520, reiterated Buy rating Evercore ISI - $235 to $300, reiterated In Line rating Freedom Capital Markets - $338 to $406, upgraded to Hold rating China Renaissance - $349 to $380, reiterated Hold rating The boosts in price target are largely due to Tesla's future projects, as Roth MKM, Cantor Fitzgerald, Mizuho, New Street Research, and Evercore ISI all explicitly mention Tesla's autonomy, robotics, and AI potential as the main factors for its price target boosts. Cantor Fitzgerald raises Tesla PT To $510, citing Cybercab, Semi, and AI momentum"
Tesla reported Q3 earnings with record revenue but missed EPS estimates. The company delivered record vehicle deliveries, marking its strongest quarter in history. Future growth expectations center on autonomous vehicles, robotics, and AI development. The earnings call emphasized those priorities and mentioned a proposed CEO pay package that could award Elon Musk up to $1 trillion contingent on performance tranches. Nine Wall Street firms increased Tesla price targets after the call, indicating high expectations. Multiple firms specifically cited Tesla's autonomy, robotics, and AI potential as primary reasons for their target boosts, with Cantor Fitzgerald highlighting Cybercab, Semi, and AI momentum.
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