Despite missed expectations for delivery figures for the first quarter, an analysis firm is leaving the Musk Group Tesla at “Outperform”.
Canadian bank RBC has left Tesla’s rating at “Outperform” with a price target of $500 based on the electric car maker’s delivery figures for the first quarter. These would have missed market expectations, wrote Tom Narayan in a study available on Thursday. In addition, the separately presented data on energy storage installations were also disappointing. The energy storage business should actually be well positioned to benefit from structural tailwinds from AI-driven growth in electricity demand.
In NASDAQ trading on Thursday, Tesla shares ultimately fell 5.42 percent to $360.59.
/rob/la/he
Publication of the original study: April 2, 2026 / 11:44 a.m. / EDT First distribution of the original study: April 2, 2026 / 11:44 a.m. / EDT
NEW YORK (dpa-AFX)
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