Institution: Despite the lower than expected delivery volume, still reiterates a "buy" rating on Tesla.

date
06/04/2026
In the first quarter, Tesla delivered approximately 358,000 vehicles, slightly lower than market expectations. Despite this, Jiaji Securities maintains a "buy" rating on Tesla with a target price of $420. Analyst George Janarikas believes that the demand for electric vehicles is improving due to rising gasoline prices and increasing prices of used Tesla cars.