

Investor's Corner
Tesla shares on the rise after analyst dubs Model 3 “underestimated”
Ben Kallo, an analyst with Wall Street firm Baird, has raised Tesla’s (TSLA) price target to $411 citing the Model 3’s impact as “underestimated.”
“We expect strong demand for the Model 3 and believe the total addressable market will likely be underestimated, but think it will be an ongoing process to ascertain global demand,” Kallo wrote in a note Monday. “Tesla remains one of our top picks for 2017 and we are raising our price target as we continue to believe a successful Model 3 launch will be an inflection point for the stock.”
Kallo’s $411 price target is a significant jump from his previous price target of $368 for the EV company, representing a 15 percent increase.
Additionally, Kallo cited Tesla’s figures that net orders for the Model 3 have increased to a rate of 1,800 per day since the Model 3 delivery event in late July.
“We continue to believe Tesla Energy may be underappreciated by investors, and think the segment could be as important as the auto business over the long term,” Kallo wrote.
TSLA opened at $365, up 2 percent from Friday’s $357.72.
The Model 3 has had an undeniable effect on the company’s stocks throughout the summer.
The stock plummeted nearly 20 percent after the Elon Musk company missed the mark on its Q2 delivery target, leading analysts to question if the affordable Model 3 was knocking down sales of the higher-priced Model X and S.
The week of the event, the stock started low at $330.23, but had a steady increase, peaking at the Tuesday July 25 opening bell at $345.13. It declined after that high, and for that Wednesday, stock ebbed and flowed with no noticeable spikes or declines. The stock came in to that Thursday’s opening bell at $346.10, one day before the delivery event.
Kallo has previously been bullish on Tesla, calling it a “top pick for 2017” after the company’s second quarter earnings report. His praise helped the company hit $346.50, a jump from the prior day’s closing in the mid-320s.
CNBC first reported the news of Kallo’s upgraded price target.

Elon Musk
Tesla bull Wedbush responds to Q1 deliveries: ‘A disaster on every metric’

Tesla bull Wedbush has responded to the company’s lackluster Q1 delivery figures, which were released on Wednesday morning in a new note from analyst Dan Ives.
Tesla reported deliveries of 336,681 vehicles in the first quarter of the year, a far cry from the Wall Street estimate of 352,000 and whisper numbers of roughly 350,000. At first glance, it seems to be a disaster, but Tesla said it lost “several weeks of production” in Q1 due to the ramp of the new Model Y at all four of its vehicle production factories.
This could be part of the reason that the company experienced a quarter of this performance, but there are also factors stemming from CEO Elon Musk’s involvement in the U.S. government, which has created some pushback in various markets.
It’s tough to say how much of each issue caused this type of quarter, but Ives wrote in a note to investors that Wedbush could not look at this “with rose-colored glasses,” as the performance “was a disaster on every metric.”
Ives believes it is time for Musk to make a move:
“The Street and us knew a bad 1Q was coming but this was even worse than expected. The time has come for Musk….it’s a fork in the road moment. The more political he gets with DOGE the more the brand suffers, there is no debate. This quarter was an example of the damage Musk is causing Tesla. This continues to be a moment of truth for Musk to navigate this brand tornado crisis moment and get onto the other side of this dark chapter for Tesla with much better days ahead.”
Interestingly, the stock dropped over 5 percent after the delivery report. It quickly rebounded 8 percent and is currently up over 5 percent on the day after a report from Politico stated that Musk and President Donald Trump have discussed the CEO stepping back from the Department of Government Efficiency (DOGE).
Based on that, it seems that investors were looking for Musk to step back from his government duties and show more public attention to Tesla. Realistically, we do not know how much of his time is being devoted to Tesla and its EV initiative. However, it seems investors were ready to hear something along the lines of Musk being more involved and speaking openly about Tesla and its projects.
It’s not all bad. Ives still recognizes Tesla’s prowess with the rollout of robotaxi and Full Self-Driving and how much impact it could have moving forward:
“Autonomous remains the biggest transformation to the auto industry in modern-day history and in our view, Tesla will own the autonomous market in the US and globally with the launch of unsupervised FSD in Austin kicking off the autonomous era at Tesla that we value at $1 trillion alone on a sum-of-the-parts valuation…”
With that being said, he also wants Musk to balance responsibilities with DOGE and Tesla:
“BUT…Musk needs to stop this political firestorm and balance being CEO of Tesla with DOGE. The future is so bright but this is a full blown crisis Tesla is navigating now and its primarily self-inflected. We remain firmly bullish on the long-term Tesla story but Musk needs to get his act together or else unfortunately darker times are ahead for Tesla.”
Tesla shares are trading at $283.01, up 5.42% at 1:57 p.m. on the East Coast.
Investor's Corner
Tesla (TSLA) shares date for “Company Update” and Q1 2025 earnings call
Tesla seems to be planning something slightly different for the upcoming event.

Tesla (NASDAQ:TSLA) has announced the date for its upcoming first quarter 2025 earnings call.
Interestingly enough, the company seems to be planning something slightly different for the upcoming event.
Tesla Q1 2025 Earnings Call Date
As shared by Tesla in its Q1 2025 vehicle production and delivery report, the company would be holding its first-quarter earnings call on Tuesday, April 22, 2025, at 4:30 p.m. Central Time / 5:30 p.m. Eastern Time. Similar to past earnings calls, the event will be livestreamed. An archived version of the session would also be shared on the company’s website.
Prior to the earnings call, Tesla will be releasing its Q1 2025 Update Letter. The Q1 2025 Update Letter will be released after markets close on April 22.
A Company Update
Tesla enthusiasts and TSLA bulls have observed that the electric vehicle maker adjusted its wording a bit in its Q1 2025 vehicle delivery and production report. As could be seen in the release, Tesla noted that it would also be holding a “Company Update” on April 22. This is the first time that such an event has been referenced by the electric vehicle maker with its quarterly earnings call.
“In addition to posting first quarter results, Tesla management will hold a live company update and question and answer webcast that day,” Tesla wrote in its Q1 2025 vehicle delivery and production report. Tesla also referenced a “Company Update” in a post on its official X account.
Expectations are high that Tesla will discuss some of its highly anticipated projects during its Company Update. These may include, among other things, new affordable vehicles that were mentioned in the Q4 and Full Year 2024 Update Letter.
“Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025. These vehicles will utilize aspects of the next generation platform as well as aspects of our current platforms and will be produced on the same manufacturing lines as our current vehicle line-up,” Tesla wrote.
Investor's Corner
Tesla (TSLA) reports 336,681 vehicle deliveries for Q1 2025
The report was published on the company’s Investor Relations website.

Tesla (NASDAQ:TSLA) has released its first quarter 2025 vehicle delivery and production report.
The report was published on the company’s Investor Relations website.
Q1 2025 Deliveries
In the first quarter, Tesla delivered a total of 336,681 vehicles globally. This is comprised of 323,800 Model 3 and Model Y, as well as 12,881 units of Tesla’s other models.
In comparison, Tesla’s company-compiled consensus indicated that analysts were expecting 377,592 vehicle deliveries for Q1 2025. FactSet estimates were even more optimistic, with analysts expecting vehicle deliveries of 407,900 units in the first quarter.
Q1 2025 Production
Tesla produced a total of 362,615 vehicles in the first quarter across its factories globally. From this number, a total of 345,454 units were comprised of the Model 3 and Model Y, and 17,161 were comprised of the company’s other models.
In its Q1 2025 vehicle production and delivery report, Tesla noted that the changeover of its Model Y lines across Gigafactory Texas, Fremont Factory, Gigafactory Shanghai, and Gigafactory Berlin, led to the loss of several weeks’ worth of production in the quarter. The vehicle, however, is now being ramped.
TSLA Reaction
While Tesla missed analysts’ expectations, investors do not seem to be too disappointed. As per writing, TSLA stock is just down 1.87% at $263.43 per share.
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