RBC: 'We estimate Tesla deliveries of 367k in Q1/26, below the Visible Alpha consensus of 369k'

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $500.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We estimate Tesla deliveries of 367k in Q1/26, below the Visible Alpha consensus of 369k. We expect Tesla to report deliveries in the next two weeks. We forecast US numbers to be down y/y, reflecting the absence of the IRA consumer credit, and we expect Q1/26 to be down sequentially versus Q4/25's 168k, consistent with seasonality. Model S and X discontinuation in Q2/26 reflects a strategic pivot to robotaxi and humanoids, potentially pressuring private vehicle sales going forward. However, we believe prolonged elevated fuel costs could bolster near-term EV demand, providing some upside for TSLA."

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 $385.95 yesterday.

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