“Since Tesla has such strong margins per vehicle, they have more room to play with the pricing dynamic if they needed to,” said Brian Mulberry, senior client portfolio manager at Zacks Investment Management.
Stock and Market Outlook
Despite looming headwinds, Tesla stock (NASDAQ: TSLA) has rallied in recent weeks. Shares climbed 2.2% Wednesday morning to $454.60, up more than 36% over the past six weeks. Analysts at William Blair boosted their Q3 delivery estimate to 480,000, above consensus, citing a “bigger pull-forward in U.S. demand than anticipated.”
Meanwhile, Morgan Stanley analyst Adam Jonas noted:
“At $1.3 trillion, Tesla is by far the smallest market cap of the Mag 7, but arguably has the largest addressable markets—particularly in the emerging field of physical AI.”
Tesla, Inc. (TSLA) Stock Price, Quote, News & Analysis | Seeking Alpha
Electric Cars, Solar & Clean Energy | Tesla
Tesla Quarterly Deliveries Set for Boost From Expiring EV Credit in US
Elon Musk has also pointed to self-driving technology and robotics as Tesla’s long-term future, though for now, most revenue still comes from vehicle sales.
