Tesla's Quarterly Deliveries Miss Expectations, Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Tesla, Inc. TSLA reported fourth-quarter deliveries that came in below market estimates.

The company delivered more than 405,278 cars in the fourth quarter, and produced over 439,000. This represented a 31.33% year-over-year rise and a 17.87% sequential growth. The consensus estimate for Q4 deliveries compiled by Tesla’s investor relations was 417,957 units

South Korea’s antitrust body also plans to press Tesla with a 2.8 billion won ($2.2 million) fine for advertising law violation.

Tesla shares dipped 12.2% to close at $108.10 on Tuesday, but added 0.2% in today’s pre-market trading session.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the EV maker in the recent period.

• Goldman Sachs analyst Mark Delaney maintained a Buy rating on the stock on January 3, 2023, and slashed the price target from $235 to $205. This analyst sees around 90% upside in the company’s stock and has an accuracy rate of 73%.
• Morgan Stanley’s analyst Adam Jonas maintained an Overweight rating on December 29, 2022, and cut the price target from $330 to $250. This analyst sees around 131% upside in the company’s stock and has an accuracy rate of 57%.
• Baird’s analyst Ben Kallo maintained an Outperform rating on December 28, 2022, and reduced the price target from $316 to $252. This analyst sees around 133% upside in the company’s stock and has an accuracy rate of 73%.
• Wedbush’s analyst Daniel Ives maintained an Outperform rating on December 23, 2022, and cut the price target from $250 to $175. This analyst sees around 62% upside in the company’s stock and has an accuracy rate of 58%.
• Canaccord Genuity analyst George Gianarikas reiterated a Buy rating on the stock on December 22, 2022, and slashed the price target from $304 to $275. This analyst sees around 154% upside in the company’s stock and has an accuracy rate of 15% only.

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