$Tesla (TSLA.US)$ Piper Sandler analyst Alex Potter has rais...

$Tesla (TSLA.US)$ Piper Sandler analyst Alex Potter has raised Tesla's target stock price from $300 to $310 and maintains a "shareholding" rating.

After reviewing the sales data for the quarter, Alex raised expectations for Tesla's deliveries in the third quarter and the 2024 fiscal year. It is now expected that Tesla will deliver 0.459 million vehicles in the third quarter and 1.75 million vehicles in the 2024 fiscal year. The analyst stated in the research report to investors that despite weak sales in Europe, the third quarter is likely to be Tesla's best quarter ever, with Cybertruck deliveries supporting demand in the USA market. The reason for the higher expectations is the increase in the target stock price.