A prominent Tesla critic is now bullish for the electric car manufacturer. Technical signals and changing investor sentiment would provide a tailwind.
• Dan Nathan turns bullish on Tesla
• Robotaxi launch and Musk’s withdrawal from politics strengthen investor confidence
• Investors are eagerly awaiting Q3 numbers
Tesla bear becomes Tesla bull
CNBC “Fast Money” trader Dan Nathan, who was known as a Tesla skeptic, recently changed his mind on the US electric car maker and is now bullish on “technical factors and sentiment,” Teslarati reports. And this despite the fact that the bulls and bears agree “that the EV business is going badly,” Insider quotes Monkey Nathan. “From a trading perspective, I think this is very interesting,” Nathan said, pointing to signs of strength in Musk, such as holding the 200-day moving average and holding resistance levels.
In its letter to investors for the second quarter of 2025, the Baron Focused Growth Fund wrote that Musk Group shares rose “despite ongoing macroeconomic challenges and regulatory complexities […]”After more than a decade of development and billions of dollars of investment, Tesla completed the limited commercial launch of its highly anticipated robotaxi business in Austin,” Insider Monkey reports. In addition, investor sentiment has improved after Tesla CEO Elon Musk withdrew from political engagements “and thereby strengthened confidence in the short-term implementation of Tesla’s plans.”
Deliveries and quarterly figures in focus
In the second quarter, falling deliveries caused a decline in sales and profits at Tesla. The electric car maker earned $1.17 billion in the second quarter, 16 percent less than the previous year. Tesla therefore missed analysts’ expectations. Meanwhile, sales fell by twelve percent to around $22.5 billion.
In the third quarter, Tesla produced more than 447,000 vehicles and delivered 497,000 electric vehicles. In addition, the company achieved 12.5 GMh of energy storage products. Tesla thus achieved new records in both areas. Compared to the previous quarter, Tesla was able to increase its delivery figures by 29.41 percent, while production increased by 9.07 percent. Compared to the same period last year, deliveries rose by 7.39 percent, while production fell by 4.76 percent.
Investors are now likely to be eagerly awaiting Tesla’s quarterly figures for the third quarter, which the US electric car maker will present on October 22nd after the US stock market closes.
Tesla shares in focus
Since the beginning of the year, Tesla shares on the US tech exchange NASDAQ have only increased by 7.9 percent and most recently cost 435.92 US dollars (as of: closing price on October 13, 2025). This means that over the course of the year it was at least able to recover significantly from its prices of around 220 US dollars in the spring.
At TipRanks, 36 Wall Street analysts have provided a 12-month price target for Tesla stock in the last three months. Of the 38 analysts, 16 recommend buying the shares, 13 have assigned a “hold” rating, while nine analysts recommend selling the shares. The average price target is $358.23, the high forecast is $600.00 and the low forecast is $19.05. The average price target is 17.82 percent below the last closing price.
Editorial team finanzen.net
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