Tesla needed what Elon Musk delivered during Q1 Earnings: Wedbush

Tesla (NASDAQ: TSLA) needed what Elon Musk delivered during the company’s Q1 Earnings Call last night: an adult in the room. “The focus for us and investors was around the blueprint and roadmap for growth as Musk and Tesla are facing a Category 5 storm after a Cinderella ride the last few years,” Dan Ives, […]

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Tesla analyst backtracks on negativity being ‘overdone,’ now says it’s warranted

Tesla analyst Dan Ives of Wedbush Securities said just two weeks ago that negative sentiments surrounding the electric vehicle giant were “overdone” in a note to investors. In a new note, Ives is stating that the negativity is “warranted.” In mid-March, Ives wrote a note to investors that stated Tesla could still reach a base […]

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Wedbush Analyst shares Tesla’s Q1 2024 delivery estimates

Wedbush Securities analyst Dan Ives shared his Tesla (TSLA) Q1 2024 delivery estimates on X. He predicts a demand issue after a “nightmare” quarter for Tesla China.  Ives forecasts that Tesla will report a delivery between 425,000 and 475,000 units in the first quarter. He explained that Tesla dealt with a “perfect storm this quarter.  […]

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Tesla maintains an Outperform rating by Wedbush as Q1 2024 ends

Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends.  According to Wedbush analysts, Tesla remains on track to exceed 2 million unit deliveries in 2024. They believe reaching 2.1 million and 2.2 million unit deliveries this year is “still achievable,” even with a softer Q1 performance.  The investment firm predicts […]

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Tesla stock sentiment ‘overdone’ as 2.1m delivery target takes focus: Wedbush

Tesla stock (NASDAQ: TSLA) has been subject to negative sentiments that are “overdone,” according to Wedbush analyst Dan Ives. Ives also believes Tesla can achieve a base delivery goal of 2.1 million units this year, with a “stretch” estimation of 2.2 million cars being delivered. The final three quarters of the year will have to […]

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Tesla can rebound with these 10 turnaround ideas: Wedbush

Tesla (NASDAQ: TSLA) can rebound with 10 turnaround ideas, according to a new note from Wedbush analyst Dan Ives. Tesla reported Earnings for Q4 and Full Year 2023 on Wednesday, and after what was widely considered to be a weak conference call, the stock dropped over 12 percent on Thursday. Dan Ives, an analyst at […]

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Tesla Q3 Earnings tempers analysts outlook as price targets lower

Tesla (NASDAQ: TSLA) Earnings tempered analyst outlooks on the electric automaker’s stock as one firm referred to the call as a “mini disaster,” and another questioned whether shares could be looked at from a growth perspective as CEO Elon Musk advised investors that the company would take a cautious attitude toward the future with uncertain […]

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Tesla set for strong Q1 delivery numbers catalyzed by Model 3 and Y price cuts: Wedbush

Tesla (NASDAQ: TSLA) is set for a strong Q1 in terms of vehicle delivery numbers, which have mostly been catalyzed by substantial price cuts on the Model 3 and Model Y, Wedbush’s Dan Ives said in a note. Tesla will report its Q1 delivery figures this weekend, and Wedbush is anticipating a figure of around […]

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Tesla price target raised by Wedbush with tax credit and China taking focus

Tesla (NASDAQ: TSLA) had its price target at Wedbush raised to $225 from $200 on Monday morning, as analysts Dan Ives and John Katsingris believe new developments out of China, as well as the revised U.S. tax credit program that qualifies the Model Y’s entire lineup for the full amount, have resulted in “clear demand […]

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Tesla demand in China booms following price cuts

A survey conducted by Dan Ives has found a spike in interest in Tesla vehicles in China following the recent price cuts. The Tesla price cuts were not taken well in China, with hundreds of previous buyers storming Tesla showrooms, demanding the automaker make amends for the abrupt price change. Nonetheless, according to a survey […]

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