Mizuho Maintains Outperform on Tesla (TSLA) Amid BEV Subsidy Concerns

Core Viewpoint - Tesla Inc. is considered one of the best high growth stocks to buy, despite Mizuho lowering its price target from $48 to $475 due to anticipated challenges for battery electric vehicles (BEVs) in 2026, particularly subsidy cuts in major markets [1]. Group 1: Company Performance - Tesla delivered 497,000 vehicles globally in Q3, representing a 7% increase from 463,000 in the same quarter last year [3]. - Sales of large batteries increased by over 80%, highlighting the growing importance of Tesla's storage batteries as utilities incorporate them into the electric grid [3]. Group 2: Production Forecasts - Mizuho has revised Tesla's production forecasts to 1.75 million vehicles in 2026 and 2 million in 2027, which are lower than consensus expectations of 1.82 million and 2.15 million respectively [4]. Group 3: Future Drivers - Despite short-term challenges, Mizuho identified potential future growth drivers for Tesla, including the adoption of FSD v14 for autonomous driving and the launch of robotaxis, which are expected to strengthen the company until 2027 [4].