Tesla Inc
TSLA: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$537.00 | Gtltnf | Tykhmhlsj |
Tesla: 2023 Deliveries in Line With Our Forecast After Record Fourth Quarter
Tesla announced fourth-quarter deliveries of 484,507 vehicles and full-year deliveries of 1.81 million vehicles, both records for the company. The deliveries number was roughly in line with our 2023 forecast and indicates continued consumer demand for Tesla vehicles, in our view. With the deliveries results close to our forecast, we see no reason to change our outlook for the company. We maintain our $210 fair value estimate and narrow moat rating.