Barclays Says Tesla (TSLA) Deliveries ‘Likely Won’t Matter’ for the Stock

Core Insights - Tesla, Inc. is currently highlighted as a significant AI stock for investors, with Barclays maintaining an "Equal Weight" rating and a price target of $350, indicating that delivery numbers may not significantly impact the stock price [1] - Analysts predict a decline in Tesla's fourth-quarter deliveries to approximately 450,000 vehicles, representing a 9% decrease from the previous quarter's 496,000 deliveries [1] - The previous quarter marked a record high in vehicle deliveries, attributed to the final phase of the federal EV tax credit [2] - Wall Street analysts generally hold a "Buy" rating on Tesla, with an average price target of $250, suggesting a potential upside of 37.05%, while the highest target reaches $432.78, indicating a possible upside of 137.26% [2] Company Overview - Tesla operates as an automotive and clean energy company, utilizing advanced artificial intelligence in its autonomous driving technology and robotics initiatives [3]