Tesla faces mixed analyst ratings following Q3 delivery results

Financial analysts are providing mixed assessments of Tesla following its third-quarter delivery results. RBC Capital Markets has maintained an ‘Outperform’ rating with a target price of $480, noting that delivery numbers positively surprised the market, despite revenue from energy storage systems not meeting expectations.

In contrast, JPMorgan has maintained a ‘Neutral’ rating with a lower target price of $415. While JPMorgan noted that electric vehicle deliveries exceeded market expectations, the bank expressed pessimism regarding energy storage business performance and anticipated lower gross margins and higher operating costs compared to market consensus.

Despite significant stock price volatility in 2026, Wall Street sentiment remains notably cautious about recommending sales. Only about 13.1 percent of analysts currently hold sell ratings for Tesla, the lowest level since early 2023. This trend is partly attributed to CEO Elon Musk’s strategic pivot toward physical artificial intelligence, autonomous robotaxis, and humanoid robotics.