Tesla (TSLA): Barclays expects 1Q deliveries beat

Barclays analyst Dan Levy reiterated an Overweight rating and $275.00 price target on Tesla (NASDAQ: TSLA). Key takeaways from his note:

1) "Expect 1Q deliveries beat, 425k vs cons. 420k; beat could be +ve catalyst;

2) Expect 1Q production 430k;

3) Inventory likely to remain “elevated”;

4) Additional price cuts likely, but Tesla can better afford cuts over other OEMs;

5) IRA likely temporary boost in US, may have pulled forward demand."

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $190.41 yesterday.

You May Also Be Interested In

• Baird Reiterates Outperform Rating on Tesla (TSLA)
• Corbus Pharmaceuticals (CRBP) PT Lowered to $34 at Mizuho
• UBS Reiterates Neutral Rating on Tesla (TSLA) Ahead of Q2 Delivery Numbers