Global Equities Research Estimates Robust Q4 Performance for Tesla
<p>Global Equities Research reiterated its Overweight rating and set a price target of $350.00 for <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a>. The analysts expect a robust fourth-quarter performance from the electric vehicle manufacturer, citing several factors.</p>
<p>The analysts noted that the Fremont Factory's shutdown in the third quarter of 2023 was shorter than expected, lasting only 4 days instead of the previously anticipated 3 weeks mentioned during the Q2/23 Earnings Call by Elon Musk. Tesla is steadily increasing its market share, particularly against competitors like Honda and Toyota, and the analysts anticipate this trend will continue to strengthen.</p>
<p>The analysts believe that Tesla is on track to dominate 90% of the electric vehicle (EV) market. They highlighted the importance of having Giga-Scale facilities, in which Tesla excels with its Giga Factories.</p>
<p>Demand for Tesla's Model S is exceptionally high, with particular popularity among families with children. The analysts predict that the third quarter of 2023 will see record-breaking sales of the Model S Plaid, especially models with an MSRP exceeding $90,000.</p>

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