- StoneX reiterated Buy rating and $475 price target on Tesla.
- Firm expects Q3 deliveries of 446,500 units, down 10% year-over-year.
- Delivery forecast is slightly below consensus.
- Energy storage deployments expected to rise 20% sequentially to 16.2 GWh.
- StoneX reiterated its Buy rating and $475 price target on Tesla ahead of the Q3 delivery report. The firm expects 446,500 deliveries, down 10% year-over-year and slightly below consensus. Energy storage deployments are forecast to rise 20% sequentially to 16.2 GWh, partially offsetting weaker vehicle volumes.
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