Tesla Q3 deliveries could beat expectations, says Barclays — analyst calls fundamentals an ‘afterthought’ to AI story

Barclays raised its Q3 Tesla delivery forecast to 475,000 vehicles, beating expectations, citing FSD ramp-up and AI potential. Conversely, Goldman Sachs cut estimates to 435,000 due to weak sales in key markets. Barclays maintained an 'Equal Weight' rating with a $370 target, noting fundamentals are secondary to the AI narrative. Meanwhile, Tesla faces regulatory scrutiny over its Cybercab certification.

・Barclays said Tesla’s ramp-up of FSD supports its autonomous-driving ambitions and could help improve margins. ・The firm maintained an ‘Equal Weight’ rating and $370 price target. ・Goldman Sachs cut its Q3 delivery estimate to 435,000 vehicles from 490,000 units. Tesla (TSLA) was in the spotlight on Friday after Barclays said the EV maker could de...