{"id":13415,"date":"2024-04-09T17:18:07","date_gmt":"2024-04-09T11:48:07","guid":{"rendered":"https:\/\/bigbreakingwire.in\/baird-anticipates-teslas-q2-dip-maintains-280-target-goldman-sachs-adjusts-pt-to-175\/"},"modified":"2024-04-09T17:21:10","modified_gmt":"2024-04-09T11:51:10","slug":"baird-anticipates-teslas-q2-dip-maintains-280-target-goldman-sachs-adjusts-pt-to-175","status":"publish","type":"post","link":"https:\/\/bigbreakingwire.in\/baird-anticipates-teslas-q2-dip-maintains-280-target-goldman-sachs-adjusts-pt-to-175\/","title":{"rendered":"Baird Anticipates Tesla&#8217;s Q2 Dip, Maintains $280 Target; Goldman Sachs Adjusts PT to $175"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>\n<p>Baird analyst Ben Kallo, known for his bullish stance on Tesla $TSLA, predicts a potential decline in Q2 vehicle deliveries, estimating a 5% year-over-year decrease to 444.5K vehicles.<br><br>Baird has revised its full-year 2024 delivery forecast to 1,838K, indicating a modest 2% year-over-year increase.<br><br>Kallo highlights a worsened demand environment for Tesla, potentially leading to further price cuts and 0% financing offers in China.<br><br>Baird&#8217;s estimation for Q2 2024 deliveries stands at 444,510 vehicles, which is below the consensus of about 498,000 and lower than the year-ago deliveries of around 466,000.<br><br>Baird&#8217;s estimates for Q3 (481,920 deliveries) and Q4 (525,130 deliveries) also fall below consensus expectations.<br><br>Despite the downward revisions, Baird maintains its $280 price target for Tesla.<br><br>Goldman Sachs has adjusted its Tesla price target downward to $175 from $190, maintaining a neutral stance.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"gMcK2CHKKA\"><a href=\"https:\/\/bigbreakingwire.in\/morgan-stanley-retains-310-target-bernstein-holds-at-underperform-with-120-price-on-tesla\/\">Morgan Stanley Retains $310 Target, Bernstein Holds at Underperform with $120 Price on Tesla<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Morgan Stanley Retains $310 Target, Bernstein Holds at Underperform with $120 Price on Tesla&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/morgan-stanley-retains-310-target-bernstein-holds-at-underperform-with-120-price-on-tesla\/embed\/#?secret=40w1LRJlwy#?secret=gMcK2CHKKA\" data-secret=\"gMcK2CHKKA\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"Ra5Yt19PlM\"><a href=\"https:\/\/bigbreakingwire.in\/tesla-cancels-highly-anticipated-affordable-car-disappointing-investors-mass-market-expectations-reuters\/\">Tesla Cancels Highly Anticipated Affordable Car, Disappointing Investors&#8217; Mass-Market Expectations: Reuters<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Tesla Cancels Highly Anticipated Affordable Car, Disappointing Investors&#8217; Mass-Market Expectations: Reuters&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/tesla-cancels-highly-anticipated-affordable-car-disappointing-investors-mass-market-expectations-reuters\/embed\/#?secret=0dDIws12iY#?secret=Ra5Yt19PlM\" data-secret=\"Ra5Yt19PlM\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-bigbreakingwire wp-block-embed-bigbreakingwire\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"z6JgyPdBjJ\"><a href=\"https:\/\/bigbreakingwire.in\/tesla-eyes-india-for-2-3-billion-electric-vehicle-plant-investment\/\">Tesla Eyes India for $2-$3 Billion Electric Vehicle Plant Investment<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Tesla Eyes India for $2-$3 Billion Electric Vehicle Plant Investment&#8221; &#8212; BigBreakingWire\" src=\"https:\/\/bigbreakingwire.in\/tesla-eyes-india-for-2-3-billion-electric-vehicle-plant-investment\/embed\/#?secret=zUsXPjmzx4#?secret=z6JgyPdBjJ\" data-secret=\"z6JgyPdBjJ\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Baird analyst Ben Kallo, known for his bullish stance on Tesla $TSLA, predicts a potential decline in Q2 vehicle deliveries, estimating a 5% year-over-year decrease&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[618,616,619,1],"tags":[2477,3248,3249,2971,3243,1824,3237,3240,3234,3245,3235,78,2924,2016,2879,3241,3198,1559,3238,245,2443,3246,3250,2488,1631,3247,3236,2324,1728,1526,112,1388,3242,3244,1729],"class_list":["post-13415","post","type-post","status-publish","format-standard","hentry","category-brokerage-reports","category-stock-in-news","category-stocks-in-news","category-tech","tag-2477","tag-3248","tag-3249","tag-tsla","tag-0-financing-offers","tag-1824","tag-444-5k-vehicles","tag-838k","tag-baird-analyst","tag-below-consensus","tag-ben-kallo","tag-china","tag-consensus","tag-decline","tag-decrease","tag-demand-environment","tag-estimates","tag-forecast","tag-full-year","tag-goldman-sachs","tag-increase","tag-lowered","tag-neutral","tag-price-cuts","tag-price-target","tag-pt","tag-q2","tag-q2-2024","tag-q3","tag-q4","tag-tesla","tag-vehicle-deliveries","tag-worsened","tag-year-ago-deliveries","tag-yoy","entry","rows"],"jetpack_publicize_connections":[],"modified_by":null,"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pfgCxS-3un","jetpack_sharing_enabled":true,"jetpack_likes_enabled":false,"_links":{"self":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/13415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/comments?post=13415"}],"version-history":[{"count":0,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/posts\/13415\/revisions"}],"wp:attachment":[{"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/media?parent=13415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/categories?post=13415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bigbreakingwire.in\/wp-json\/wp\/v2\/tags?post=13415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}