Tesla stock dropped to trade at $210.06 as of 10:24 AM EDT.
Wall Street analysts are scrutinizing Tesla (NASDAQ:TSLA) after the electric vehicle market repeated its multi-year 50% annual delivery growth objective, but cautioned that supply chain and logistical challenges might prevent it from achieving that pace this year.
According to Adam Jonas of Morgan Stanley, TSLA had a strong quarter with an EPS beat despite decreased regulatory credits, higher input prices, FX headwinds, and inefficient logistics and plant ramp-up. He pointed out that the company’s projection was almost tripled by $3.3 billion in free cash flow. Although the EV powerhouse had a very successful quarter, Jonas wishes the FY23 consensus had more room for macro uncertainty.
RBC Capital Markets analyst Joseph Spak made the Inflation Reduction Act’s positive effects on Tesla’s (NASDAQ:TSLA) margins in 2022 and 2023 an increasing point of attention. Analyst Dan Ives of Wedbush Securities has maintained his optimistic view on Tesla (NASDAQ:TSLA).
“This quarter was a respectable performance in a very challenging environment, with delivery and supply chain issues front and center in Europe and China that threw another dose of reality for Tesla, which has been Teflon-like over the past few years despite supply chain chaos across the auto/tech world,” said one analyst.
Expert opinion on Tesla stock forecast
Ives anticipated that Tesla (NASDAQ:TSLA) would start buying back shares in order to appease investors. According to the risk/reward ratio, Tesla still doesn’t make sense for investors, according to Toni Sacconaghi of Bernstein.
“While we recognize Tesla’s technological advancements and financial accomplishments, we still find it difficult to support the company’s value… In the future, TSLA’s valuation seems to indicate enormous volume and historically exceptional profitability. Based on the findings, Baird suggested purchasing Tesla (NASDAQ:TSLA).
“Despite ongoing material shortages and logistical instability, TSLA reported good third-quarter performance. As delivery rates slow down and TSLA changes to a more geographically balanced distribution and production mix, the cost per car should rise. Deliveries for TSLA Semi are anticipated to start in Q4, with production ramping up in 2023. As the gigafactory ramp continues in Austin and Berlin, preparations for Q4 are solid. In premarket trading on Thursday, shares of Tesla (NASDAQ:TSLA) fell 5.21% to $210.25.
Tesla Stock Falls Down As Logistical Slowdowns, FX Weigh Into Weak Revenue Report
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Author Jowi Kwasu 
