Tesla: Wedbush Securities optimistic ahead of deliveries

(CercleFinance.com) - Wedbush Securities on Friday renewed its 'outperform' rating and $300 price target on Tesla, saying it expects solid delivery figures from the group next week.


The U.S. broker, who expects the electric vehicle manufacturer to unveil its Q3 sales figures on Wednesday evening, believes the group will exceed the consensus figure of 462,000 units.

According to the broker, whisper numbers currently circulating in the market suggest a figure of between 465,000 and 470,000 units.000 and 470,000 units.

According to Wedbush, this good news should allow us to draw a line under a complicated first quarter, thanks to a stabilization of both prices and demand.

For the broker, the price cuts that have constantly penalized the company over the last 12 months are now history, which should remove the sword of Damocles that weighed on the share's performance.

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