10:25 AM EDT, 04/02/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $35 to $325, on a 2027 P/E of 114x, justified by long-term growth expectations. We lower our '26 adjusted EPS estimate to $2.20 from $2.25, but '27 remains unchanged at $2.85. TSLA posted Q1 deliveries of 358,023 vehicles vs. 336,681 in Q1 2025 (+6% Y/Y), short of the 365,645 consensus but ahead of our 352,250 estimate. However, production of 408,386 units was up 13% Y/Y and well ahead of our 342,500 forecast. Perhaps most disappointingly, Q1 energy storage deployments plummeted 15% Y/Y to 8.8 GWh, well short of the 14.4 consensus. In our view, the release does little to answer the primary questions surrounding the story related to its aggressive capex plans (which is giving many investors heartburn and should result in the company's first negative FCF year since 2018), the Cybercab rollout, and the nature of TSLA's evolving relationship with SpaceX. Hopefully, management will provide greater clarity regarding these issues in tandem with its Q1 earnings release on April 22.