"The analyst stated that expectations for a Q3 earnings-per-share beat are supported by improved vehicle delivery volumes and stronger-than-expected gross margins, as noted in a TipRanks report. Tesla has been increasingly positioning itself as an AI-driven company, with Elon Musk frequently emphasizing the long-term potential of its Full Self-Driving (FSD) software and products like Optimus, both of which are heavily driven by AI. The company's AI focus has also drawn the support of key companies like Nvidia, one of the world's largest companies today."
"Analyst Dan Levy adjusted his price target for TSLA stock from $275 to $350, while maintaining an "Equal Weight" rating for the EV maker. Despite bullish AI sentiments, Barclays maintained its caution on Tesla's underlying business metrics. Levy described the firm's stance as "leaning neutral to slightly negative" heading into the Q3 earnings call, citing concerns about near-term fundamentals of the electric vehicle maker."
Barclays raised its Tesla price target from $275 to $350 while keeping an Equal Weight rating. The firm sees two contrasting narratives entering Q3: an accelerating autonomous and AI storyline that has boosted market sentiment, and cautious near-term vehicle fundamentals. Expectations for a Q3 EPS beat are supported by increased delivery volumes and stronger-than-expected gross margins. Tesla is positioning as an AI-driven company with emphasis on Full Self-Driving software and Optimus, and has drawn support from partners like Nvidia. Barclays remains cautious, describing its stance as leaning neutral to slightly negative on near-term fundamentals.
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