Let’s get started with EV credits, they are not vanishing. ZEV credits are still mandated by several populous states and they are getting stricter by the year.
The normal factory did get a 1.1M sqft expansion to support deliveries.
Tariff refund: didn’t they just file suit to get it?
Limited rollout of Point to Point assisted driving begins later this year, with a widespread customer rollout targeted for 2027.
Pocket change
Deutsche Bank: Raised price target to $24.00 from $23.00 (Buy)
Needham & Company: Reiterated price target of $23.00 (Buy)
TD Cowen: Raised price target to $21.00 from $20.00 (Buy)
Cantor Fitzgerald: Reiterated price target of $19.00 (Neutral)
Wells Fargo: Raised price target to $16.00 from $15.00 (Equal Weight)
RBC Capital: Raised price target to $16.00 from $14.00 (Sector Perform)
Morgan Stanley: Raised price target to $14.00 from $13.00 (Underweight)
Wall Street Zen: Executed a data-driven rating upgrade to Hold from Sell
But alas, many see only that $14 at the bottom and that’s where market will likely push it to on Monday lol.