Core Viewpoint - RBC Capital has raised its Tesla stock price target from $307 to $319, maintaining an Outperform rating, reflecting confidence in the company's performance and market position [1]. Group 1: Stock Performance and Analyst Ratings - The new Tesla stock price target of $319 is 8.5% above the average analyst prediction of $294 based on aggregate ratings [2]. - Analyst Tom Narayan noted that Tesla met analyst expectations with 384,000 vehicle deliveries in Q2, aligning with company-polled consensus [1]. - Tesla's market capitalization stands at $959.23 billion, reinforcing its leadership in the automotive sector [1]. Group 2: Financial Projections - RBC Capital projects Tesla's automotive gross margins, excluding regulatory credits, to reach 13.7% in Q2, slightly above the consensus estimate of 13.4% [3]. - For the end of the year, automotive gross margins (ex-credits) are anticipated to be 13.6%, which is slightly below the average forecast of 13.9% [3]. Group 3: Delivery Expectations - RBC Capital predicts a 7% year-over-year decline in Tesla's total vehicle deliveries, which is a more optimistic outlook compared to the broader market prediction of an 8% decline [4].