Tesla Inc

TSLA: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$163.00	Xtngxxl	Pynzlfmvbv

Tesla: Record Deliveries Keep Company on Track for Solid Growth in 2023

Seth Goldstein

Jul 3, 2023

We maintain our $215 per-share fair value estimate and narrow moat rating for Tesla following the company's second-quarter deliveries release. During the quarter, Tesla delivered 466,140 vehicles, a new record high, and more than 80% above the prior-year quarter. This puts Tesla on track to meet our 2023 annual deliveries forecast of a little over 1.8 million vehicles, which is a little less than 40% growth for the year and we maintain our outlook.

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