Wedbush notes Tesla (TSLA) announced its Q1 delivery numbers that came in slightly below the company’s consensus delivery estimate. The firm says Europe remains a significant headwind, with Tesla still navigating a difficult regulatory environment for FSD approval and regional sales unlikely to rebound until regulators give the green light, something Wedbush believes will happen in the first half of 2026. China, by contrast, was a bright spot, with deliveries in the first two months of 2026 up 35% year-over-year. While the delivery numbers were quite underwhelming, this was not a shock to the firm given the current EV backdrop across geographies as the company shifts gears to focus more on its AI strategy. Wedbush has an Outperform rating on the shares with a price target of $600.
Meet Samuel – Your Personal Investing Prophet
Looking for exposure to SpaceX & Anthropic? Check out AGIX ETF
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSLA:
- Balanced Risk-Reward Amid Delivery Misses and Uncertain AI Execution Keeps Tesla at Hold
- Tesla price target lowered to $400 from $438 at Truist
- Soaring Gas Prices Have Customers Reconsidering Teslas, But Investors Reconsider Tesla Stock (NASDAQ:TSLA) Instead
- Midday Fly By: Amazon said to eye Globalstar, Tesla deliveries miss consensus
- Analysts React to Tesla’s (TSLA) Q1 Deliveries: Energy Storage Miss Raises Questions