Tesla's price targets are improving due to beating delivery expectations by 6,000 cars in Q2 and a remarkable 132% increase in energy storage deployments from Q1 to Q2.
Analysts adjusting price targets are considering Tesla's energy division more prominently post Q2, as it more than doubled its battery storage capacity from the prior quarter.
Wedbush raised Tesla's price target to $300, highlighting the company's undervalued position in AI according to Dan Ives. Morgan Stanley adjusted how much the energy division contributes to its $310 rating.
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