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.”
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.
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.
