Tesla Gets Price Target Bumps From Analysts Following Q1 Production Data

Tesla Inc TSLA reported first-quarter production and delivery numbers over the weekend.

Tesla said it produced 440,808 vehicles in the first quarter, up from 439,701 last quarter. The EV maker delivered 422,875 vehicles in the quarter, up from 405,278 in the previous quarter.

The company is expected to report first-quarter financial results after the closing bell on April 19.

Tesla shares jumped 7.7% to close at $179.00 on Wednesday and lost 1% in pre-market trading.

These analysts made changes to their price targets on Tesla after the company released Q1 deliveries numbers.

• Goldman Sachs raised the price target on Tesla from $200 to $225. Goldman Sachs analyst Mark Delaney maintained a Buy rating on the stock.
• TD Cowen boosted Block price target from $140 to $170. TD Cowen analyst Bryan Bergin maintained a Market Perform rating on the stock.
• Deutsche Bank analyst Emmanuel Rosner, meanwhile, reiterated Tesla with a Buy and maintained a $250 price target.

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