Tesla (TSLA) is encountering significant delays in launching an affordable version of the Model Y, with production now expected to begin globally in the United States several months later than initially planned. The new timeline suggests a start from the third quarter to early next year, according to sources familiar with the situation.
In addition, the company has scaled back production targets for several Cybertruck lines over recent months and has significantly reduced its production teams for the vehicle. Reports indicate fewer than 50,000 Cybertrucks have been delivered, prompting Tesla to reallocate employees from the Cybertruck line to bolster Model Y production since January.
The company's financial outlook is also under scrutiny, with Barclays lowering its price target for Tesla from $325 to $275, maintaining an Equal Weight rating on the shares. The investment firm describes Tesla's current market setup as "confusing" ahead of its Q1 results, noting potential challenges in achieving volume growth by 2025. However, there is room for positive investor sentiment, particularly with the upcoming launch of a fully autonomous driving feature in Austin.
In logistical developments, Tesla has halted plans to import parts from China for its Cybercab and Semi electric trucks due to increased tariffs on Chinese goods. The tariff hike, implemented during Donald Trump's presidency, forced Tesla to suspend its shipping strategy as the costs became unsustainable.
In other sector news, Citi has upgraded Canadian Solar (CSIQ, Financial) to Neutral, citing underappreciated value in its solar assets, while Sunrun (RUN) has been downgraded to Neutral due to potential regulatory changes that could impact its business model reliant on investment tax credits.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Canadian Solar Inc (CSIQ, Financial) is $15.16 with a high estimate of $30.38 and a low estimate of $7.28. The average target implies an upside of 110.62% from the current price of $7.20. More detailed estimate data can be found on the Canadian Solar Inc (CSIQ) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Canadian Solar Inc's (CSIQ, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Canadian Solar Inc (CSIQ, Financial) in one year is $28.96, suggesting a upside of 302.22% from the current price of $7.2. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Canadian Solar Inc (CSIQ) Summary page.
