- BNP Paribas lowered its Tesla price target to $266 from $268 and cut its 2026 sales estimate by 2%, citing concerns over the capex plan and negative free cash flow.
- Deutsche Bank raised its Tesla price target 11% to $420 and expects 2026 deliveries of about 1.8m, citing Europe and China outperformance in September.
- Jefferies raised its Tesla price target to $400 from $350 and maintained a Hold rating, citing positive Q3 trends and modest acceleration in non-auto activities.
- Tesla delivered approximately 7,500 Cybertrucks in Q3, about 13% of the 250,000-unit FY26 annual target, according to Newsimpactscreener.
- Tesla's Q3 vehicle deliveries of 486,532 units exceeded expectations, while Cybertruck volume and an August price increase to $74,990 drew scrutiny.
Quotes
“we believe this is the right strategic approach to position the company for its next era”
“should be a tailwind for working capital”