Barclays expects Tesla (TSLA) to report Q4 deliveries of 515,000 units, up 6% year-over-year and just above the consensus estimate of 511,000. A beat could keep the stock’s narrative momentum strong, but the focus on Tesla’s fundamentals is limited overall, the analyst tells investors in a research note. Barclays believes a slight near-term volume miss “would likely do little to dampen” Tesla’s autonomous vehicle and artificial intelligence push, which it says has recently come into greater focus ahead of the planned “Unsupervised FSD” launch in 2025. Conversely, a slight beat on Q4 is likely immaterial to the majority of the current Tesla bull case, the firm adds. It keeps an Equal Weight rating on Tesla with a $270 price target
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