
Analysts have provided updated ratings for Tesla, Inc. (NASDAQ: TSLA) following a weak first quarter. Wedbush has maintained an 'Outperform' rating with a price target of $550, expressing long-term bullishness on Tesla's prospects but cautioning that CEO Elon Musk needs to improve his focus to avoid potential challenges. Oppenheimer has kept its rating at 'Perform' while remaining cautious due to a recent delivery miss and uncertainties surrounding Tesla's autonomous vehicle strategy. Barclays has reiterated an 'Equalweight' rating with a price target of $325, noting that Tesla's first-quarter production of 363,000 vehicles fell short of the consensus estimate of 412,000, impacted by production delays related to the Model Y refresh. The analysts highlight that the weak production figures could pose challenges for Tesla moving forward.
๐จ Wedbush on $TSLA: "We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla." Wedbush's Dan Ives reiterated an Outperform rating and $550.00 price target on Tesla The analyst comments https://t.co/opWpQ0u8JR
๐จ Barclays reiterated an Equalweight rating and $325.00 PT on $TSLA "1Q prod 363k below cons. at 412k; inv build of +27k miss vs. our est of -20k drawdown. 1Q dragged by "several weeks" of lost prod from MY refresh, though ramp is going well. Weak 1Q sets challenging path for https://t.co/ynmmSPpniJ
$TSLA | ๐๐๐ฌ๐ฅ๐ (TSLA): Barclays maintains ๐๐ช๐ฎ๐๐ฅ๐ฐ๐๐ข๐ ๐ก๐ญ, ๐๐ ๐ซ๐๐๐๐๐ข๐ซ๐ฆ๐๐ ๐๐ญ $๐๐๐ despite weak 1Q production miss https://t.co/pdi13IVzqL




