Stifel Maintains Buy Rating on Tesla Despite Q3 Earnings Shortfall, Barclays Cautious
Tesla's Q3 earnings report revealed a 31% year-over-year decline in EPS to $0.50, missing analyst expectations of $0.55. While revenue outperformed, margin pressures in the EV segment drew criticism. Stifel's Stephen Gengaro remains bullish, reiterating a $483 price target based on robotaxi expansion and AI advancements. Barclays' Dan Levy adopted a more conservative stance, maintaining a Hold rating with a $350 target.
Market reaction was mixed—Tesla shares dipped post-earnings but recovered 1.5% during Thursday's session. The divergence among analysts highlights the growing tension between Tesla's Core automotive business and its futuristic tech ventures. Robotaxis, now operational in Austin with plans for 8-10 metro deployments by year-end, emerge as a key valuation driver.
