Tesla (TSLA) shares are roaring higher a day after the company’s third quarter results, which analysts at Wedbush called an “Aaron Judge-like performance.”
The firm noted Tesla’s prediction of 20% to 30% vehicle delivery growth next year, “compared to Street numbers in the 10%-12% heading into the print.” Wedbush maintained its Outperform rating and $300 price target, using the moment to liken Tesla to Judge—the slugger who put up mega-numbers for baseball’s New York Yankees this season.
Not every analyst is buying it, though. JPMorgan called the results a return to “ebullient forecasts” from Musk, “which may or may not qualify as guidance.” The firm’s own outlook is 12% growth. JPMorgan maintained its Underweight rating but upped its price target to $135 from $130.
The electric vehicle maker posted third-quarter net income of $2.17 billion or 62 cents per share, up from $1.85 billion or 53 cents per share a year ago. That …