Baird Reiterates Outperform on Tesla, $522 PT
Baird analyst Ben Kallo reiterated an Outperform rating and $522.00 price target on Tesla (NASDAQ: TSLA).
“We are highlighting our estimates ahead of TSLA’s Q2 delivery report which we speculate will be July 2 before the open.
TSLA-specific news has recently been quieter than usual with the IPO of SpaceX grabbing headlines.
With the deal now complete, we believe focus will shift to a potential merger between the two entities, and we see this as likely to happen sooner rather than later.
Acknowledging uncertainty in the timing of a potential merger, we continue to be buyers of TSLA with company-specific catalysts ahead.
International vehicle registrations in key markets, third-party trackers, and our own analysis lead us to remain comfortable with our Q2 delivery estimates.
Our estimates for the remainder of 2026 are as follows versus FactSet consensus: – Q2: Our 392.9K vs. consensus 401.1K. – Q3: Our 461.5K vs. consensus 454.1K. – Q4: Our 469.3K vs. consensus 468.4K. – 2026: Our 1.68M vs. consensus 1.66M.
We estimate TSLA will report Q2 deliveries before the open on Thursday, July 2.”
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This research note is reproduced verbatim from the issuing firm. Price Target never edits, paraphrases or alters analysts’ words — we only republish them in one place.
