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With Tesla bringing a new megawatt charger to the consumer market (with Cybertruck and future products/refreshes), will this be a way for Tesla to challenge the CCS standard? CCS maxes out at 350kW and as far as I’m aware has no real pathway to get to this level. How could you keep on mandating...

I have the same exact thing happening to me on a new Model 3. $31.00 filing fee when it was $30.00 before. I'm taking delivery in just over a week. Let me know if you have any updates. UPDATE: My delivery specialist said it's on the DMV's side. They raised their prices by a dollar so we're on...

Here is Deutsche Bank's follow-up note on their callback with Tesla IR. Lots of good nuggets in here that come straight from Tesla. Some of my highlights: Tesla believes it can bring down the cost of existing M3 and MY considerably; these models can serve cheaper markets with more economical...

Here is a handy link to bookmark which is useful for new IPOs like Rivian. This website has all of the current IPO roadshow videos and they are available for anybody to watch: RetailRoadshow The videos go away once a company prices and flips public so watch while you can.

Jefferies upgrades Tesla to Buy from Hold. Price target increases from $700 to $850. Here is their note:

They can't pay nearly the same amount of attention that we do because they cover 20+, sometimes 30+ companies at the same time. I am not at all surprised that this board is light years ahead of these Wall Street analysts. Alex Potter at Piper is one exception that I would make that really...

Here's Ben Kallo's latest note if it's helpful.

Each year Morgan Stanley surveys their summer interns to see how the next generation views the world. Here are their results related to the auto industry this year. The results won't necessarily be a shocker to the people here, but they are probably eye opening to others. The world be changing.

New Morgan Stanley note today on Tesla's Adjusted EBITDA.

If anyone wants a perspective from the Street, read Morgan Stanley's initial thoughts on the results before the call. The drop after hours is due to the gross margin (ex ZEV) miss. 20.7% actual vs. consensus of 24.2%.

Looks like the model S order page was updated.

Oppenheimer raised their price target by largely increasing their multiple but wrote about FSD to justify it. Nothing concrete in their model yet with autonomy but something to look for in the mid term. Deutsche Bank also raised their price target on higher multiples in their Q4 Autos preview...

I wouldn’t be surprised if they are sandbagging or playing other games. For example, it’s common knowledge in the industry that underwriting analysts on new IPOs sandbag numbers for the company’s benefit. But it’s common for analysts to adjust their estimates a few times per quarter.

Here is the Wedbush note. Dan Ives was previously forecasting only 2 million vehicle deliveries in 2030. That has now been increased to 5.5 million.

Credit Suisse raises their price target from $400 to $800, maintains Neutral rating. They expand their model to 2030, forecasting 5.1 million units. For 2021, they are forecasting 853,000 deliveries. For 2022, 1.1 million. Bull case price target goes to $1,450.

New Loup TV episode with Matt Joyce, talking about delivery numbers. He is expecting 850K vehicles for 2021, up 70% Y/Y.

Well that explains the shift in tone from their Q4 deliveries note! Still only forecasting 1.7mm deliveries in 2025, which is just crazy to me. They seriously expect Giga Austin and Giga Berlin to only produce a few hundred thousand cars each by 2025? o_O

Yes, here is the note in it's entirety. The note was positive by their standards (as a bear). But as I was trying to point out, they were not the firm that downgraded and reduced their price target. They reiterated both the rating and target.

It was BNP Paripas (largest French bank). I don't have access to their research but here's an article: Tesla Stock Is a ‘Sell’ Because Investors Are Too Optimistic About the Future RBC was already underweight, they couldn't have downgraded. I only see their report on Q4 deliveries, which was...

Adam Jonas recently collaborated with Morgan Stanley's software/tech team and Battery team over in Asia to rework his entire model. Before when MS was still underweight, he was hardly factoring in Tesla Energy, battery breakthroughs and autonomous efforts. I think these parts of Tesla's business...

Morgan Stanley raises their price target from $540 to $810. Their 2030 volume goes from 3.8mm units to 5.2mm units. Edit: Here are some of my key takeaways. 2021 deliveries is estimated at only 792k units, up from 778k units. 2022 deliveries are now 1.1mm units. 2023 deliveries rises to 1.7mm...

Analyst reports are now rolling in on the Q4 delivery news. Goldman Sachs believes that Buyside "Whisper" numbers were somewhere in the range of 181K deliveries, so the actual results were just a smidge lower than that. Baird thinks the stock may trade off slightly due to the elevated...

Quiet period typically starts 15 days prior to the end of the quarter and lasts until earnings are released. But it varies company to company.

Deutsche Bank and Credit Suisse updated their Q4 delivery estimates today. Deutsche Bank also raised their price target from $500 to $705. Q4 estimates: Deutsche Bank: 185K units (up from 176k) Credit Suisse: 183K units (up from 174K)

Here's the main page of the JMP note.

This went under the radar, but Barclays raises their price target on TSLA from $125 to $230, while "remaining stubbornly underweight" (crazy, I know). They are forecasting total production of vehicles to be: FY'20: 486,000 FY'21: 756,000 FY'22: 976,000 FY'23: 1,124,000 FY'24: 1,147,000 FY'25...

Here's a view of the JPMorgan note if anyone wants a laugh.

He's at Morgan Stanley, not GS.

Of course! Goldman Sachs didn't add their full model to the note so I am not 100% sure if FSD and Energy is being included in the valuation. Their estimates they reference only go out to FY2022 so I'm going to assume no. What they did include in the note was their analysis on the potential...

Goldman Sachs raises their price target from $455 to $780, upgrade to Buy. Edit: Continued... We believe that the Energy and full self driving (FSD) software businesses could be more valuable than we previously thought. The Energy business should also benefit from the regulatory shift toward...

Excerpt from the note (emphasis added): Raising PT to $560, Bull Case now $1,000. While Model 3's remain the core driver, going forward new designs around Cybertruck and Model Y will further aid growth globally and thus enable to Tesla to achieve its million delivery units likely by 2023 (2022...

Morgan Stanley upgrades TSLA to Overweight from Neutral. Price target goes up to $540 from $360. Kind of saw this coming after Jonas's recent interview on CNBC.

Reposting this from the main thread. Deutsche Bank hosted Martin Viecha at their AutoTech Conference this week. Here were their takeaways. Highlights: Low-teens operating margin target in the mid-term. Better KPI than gross margin. FSD subscription offering next year, potentially bucketed...

Deutsche Bank hosted Martin Viecha at their AutoTech Conference this week. Here were their takeaways. Highlights: Low-teens operating margin target in the mid-term. Better KPI than gross margin. FSD subscription offering next year, potentially bucketed in several tiers for different...

Morgan Stanley raises their price target to $360 from $333.

I'm glad they added this snippet to their deck. It often gets misunderstood. "Installed capacity ≠ Current production rate. Production rate depends on pace of factory ramp, supply chain ramp, downtime related to factory upgrades, national holidays and other factors."

Yep, that's just how it is. Large institutional holders also get these callbacks.

Copying a portion of my post from the main investment thread. This is relevant for Shanghai for Q4. CEO of Snow Bull Capital (small hedge fund that focuses on green and high technology) shared the following on Twitter: https://twitter.com/TaylorOgan/status/1311761299366387721 In China, MIC...

Interesting Twitter thread from Snow Bull Capital. Have not heard of them before but apparently they were 98.1% accurate on their P&D estimate last quarter. They are forecasting 168.9k total production and 157.5k total deliveries for Q3...

Tesla IR started doing this recently. They did this last quarter and I believe they may have done this for Q1, but my memory is fuzzy. I think it has been a great idea. The strategy in my view is to keep the analysts more in check, to reduce outliers, and to be able to control the narrative...

It looks like Tesla IR sent out a company-collected consensus again. This was from a note from RBC earlier today. Tesla consensus is at 135.9K deliveries. Another data point from the note is that company consensus for FY2020 is only 479.8k!

Here is the current FactSet consensus as of 9/20. All metrics are in $ millions except for EPS. Total Revenue8,429.35 COGS6,064.29 Gross Income1,725.29 SG&A675.144 R&D324.022 Operating Income (GAAP)580.633 Operating Income (non-GAAP)636.398 Net Income (GAAP)438.614 Net Income (non-GAAP)615.517...

Wedbush to $475 from $380. Maintain Neutral.

Wedbush raises their price target from $380 to $475. Dan Ives is forecasting 130K deliveries for Q3 and 470k for FY20.

You are getting disagrees but you are right. Electrek articles are frequently cited in analyst reports.

Credit Suisse and Deutsche Bank issued Battery Day previews today. Credit Suisse raises their price target from $280 to $400. Deutsche Bank raises their price target from $300 to $400.

The note says by Friday the 4th. I don't think S&P has historically posted announcements on Fridays. Edit: Looks like I'm wrong. Thanks MP3Mike for the link.

Credit Suisse gives their thoughts on the S&P add from a note issued this afternoon. Thought it was interesting to hear it from an institutional perspective. "S&P add may be announced by the end of this week: With rebalance scheduled for the third Friday of Sep (Sep 18), an announcement would...

Also updated RBC's and Morgan Stanley's price targets. RBC up from $170 to $290, MS from $270 to $272.

Added post-split price targets of Argus, Wedbush and Canaccord.