Tesla just beat expectations on vehicle deliveries. Here are what major analysts are saying about the report.
Tesla 's momentum from the first half appears to be carrying over into the latter part of 2023, at least for now. The electric vehicle maker reported Sunday 466,100 delivered units while analysts polled by FactSet had forecasted 445,000 for the second quarter ending in June. The company doesn't report traditional sales the way legacy car maker would, and instead prefers to use the term "deliveries" as its preferred gauge.
mountain Tesla shares YTD "Tesla has been in the process of transitioning to a more even delivery schedule throughout the quarter in order to ease logistics and operational constraints, but the report suggests that Tesla was able to close the quarter more strongly than we and consensus had expected," analyst Mark Delaney said. To be sure, the bank maintained its neutral rating on Tesla. Its $275 price target implies upside of only $275 per share.
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