Overview

• Shares climbed roughly 30% to 34% in September, recovering year-to-date losses as optimism returned to the stock.
• Canaccord lifted its target to $490, Wedbush went to $600, and Benchmark reiterated $475, while HSBC nudged its target to $127 with a Reduce rating.
• Wall Street expects about 447,000 Q3 deliveries, with Benchmark modeling 442,000 and some forecasts reaching 465,000 to 495,000 after a late-quarter surge.
• The $7,500 federal EV credit expired Sept. 30, spurring a pull-forward in U.S. purchases that analysts warn could create Q4 demand air pockets.
• Recent calls increasingly tie long-term upside to AI, robotaxis and the Optimus humanoid, as regional trends show U.S. strength, China momentum and Europe softness.