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      StoneX Maintains Positive Outlook on Tesla Ahead of Q3 Deliveries

      StoneX has reaffirmed its Buy rating for Tesla, setting a price target of $475 as the company prepares to release its third-quarter delivery figures next week. The financial services firm anticipates that Tesla will report approximately 446,500 vehicle deliveries, which represents a 10% decline compared to the same period last year and is slightly below market expectations.

      Despite the expected decrease in vehicle deliveries, StoneX highlights a significant increase in Tesla's energy storage deployments, projecting a 20% rise from the previous quarter to reach 16.2 gigawatt-hours (GWh). This growth in energy storage is expected to help mitigate the impact of lower vehicle sales on Tesla's overall performance.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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