Piper Sandler Positive on Tesla Ahead of Q4 Deliveries Report

Analysts from Piper Sandler maintained a positive outlook on Tesla (NASDAQ:TSLA), with an Overweight rating and a target price of $295.00. The analysts anticipate that Tesla will report its fourth-quarter vehicle deliveries in the first week of January, likely on January 2nd, expecting around 507,000 vehicles in the quarter, culminating in a yearly total of approximately 1.83 million units.
Based on recent data, this forecast is seen as achievable, though it is on the higher end of what’s considered realistic. Even if these numbers prove to be overly optimistic, the fourth quarter is still expected to break records, with annual production potentially surpassing 2 million vehicles. Margins are also projected to improve compared to the third quarter, driven by stable pricing and more efficient cost management. Further evaluation of margin forecasts will follow after the release of the fourth-quarter delivery results.

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