Tesla is struggling to meet the manufacturing challenges associated with increasing production of its humanoid robot Optimus, with the complexity of the hands and supplier constraints cited among the main obstacles. Despite these difficulties, production has roughly increased tenfold in recent months, reaching several hundred robots per week in August. Tesla aims to build a production line capable of manufacturing more than 1,000 units per week by the end of the year.
At the same time, StoneX reiterated on Friday its “Buy” recommendation and its $475 price target, forecasting about 446,500 Tesla vehicle deliveries in the third quarter, representing a 10% year-on-year decline. The brokerage firm expects 16.2 GWh of energy storage system deployments, up 20% from the prior quarter, and believes that Tesla’s rapidly growing energy business will support its profits despite the expected drop in auto volumes.
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At the same time, StoneX reiterated on Friday its “Buy” recommendation and its $475 price target, forecasting about 446,500 Tesla vehicle deliveries in the third quarter, representing a 10% year-on-year decline. The brokerage firm expects 16.2 GWh of energy storage system deployments, up 20% from the prior quarter, and believes that Tesla’s rapidly growing energy business will support its profits despite the expected drop in auto volumes.
$TSLA
$SPCX
$SOL