Deutsche Bank Hikes Tesla Stock (TSLA) Price Target Ahead of Q3 Deliveries Update

Deutsche Bank just turbocharged Tesla's outlook right before quarterly numbers drop.

The Price Target Pump

Analysts cranked up their TSLA target, signaling confidence before Q3 delivery figures hit the tape. This isn't subtle tinkering—it's a full-throated endorsement of Elon Musk's electric empire.

Delivery Day Drama

All eyes now turn to Tesla's delivery report. The street wants concrete numbers, not promises. Production meets reality this week.

Wall Street's favorite game: upgrading price targets after the rally already happened. Because nothing says 'insight' like chasing momentum.

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TSLA stock has risen 21% over the past month, bringing the year-to-date movement to 5%.  

Deutsche Bank Is Bullish on TSLA Stock

Yu expects Tesla to report stronger Q3 deliveries, but kept his full-year 2025 and 2026 outlook essentially unchanged. He estimates Tesla to report Q3 deliveries of 461,500 vehicles, roughly flat year-over-year but up 20% compared to the previous quarter. Yu’s estimate indicates that Tesla’s Q3 deliveries are tracking significantly ahead of the consensus estimate of 433,000, backed by the Model Y L launch in China and the U.S. pre-buy effect ahead of the end of EV tax credits. Yu expects more than 20% growth in both China and North America, with some decline in Europe as competition and branding continue to impact demand.

Looking at the full year, Yu noted that the consensus estimate of 1.6 million deliveries seems achievable. While he expects Q4 U.S. sales to dip materially after the end of EV tax credits, he expects this to be partially offset by a strong quarter in China. Yu expects Q4 volume to come in at around 409,000 units (between Q2 and Q3 levels), leading to just below 1.6 million units for the full year. He expects Q4 margin and EPS to be impacted by lower volume and potentially higher tariff costs.

Meanwhile, Yu thinks that CEO Elon Musk’s clear focus on Tesla’s key initiatives (robotaxi and Optimus humanoid robot) and the recent compensation package have removed a major overhang on TSLA stock. He believes that these two growth areas will allow Tesla to benefit from being a “leader in embodied AI.”

What Is the Prediction for Tesla Stock?

Amid concerns about intense competition in the EV space, Wall Street has a Hold consensus rating on Tesla stock based on 14 Buys, 12 Holds, and eight Sell recommendations. The average TSLA stock price target of $327.90 indicates a downside risk of 23.2% from current levels.