Tesla stock is trading lower amid a broader market rally, as analysts cut Q4 delivery forecasts due to declining EV sales globally, though Wall Street continues to raise price targets, focusing instead on the company's progress in robotaxis and AI.

  • Q4 delivery forecasts were cut by firms like Canaccord (to 427,000) and UBS (to 415,000), reflecting significant sales drops, including a 39% decline in the EU market.
  • Despite weak deliveries, analysts are raising targets (e.g., Canaccord to $551) based on robotaxi progress and AI, though ratings range widely, from UBS's $247 'Sell' to Wedbush's $3T valuation projection.
  • The stock is currently trading at $484.78, down 0.81%, underperforming the broader market gains.