The big news this week was Daimler's surprise announcement that it sold it's 4% stake in Tesla, netting them roughly $780 million. This could have been one of the main reasons the stock was down the past week.
Some speculate this might clear a way for Tesla to collaborate with BMW.
Also, there were news/rumors that Toyota has sold some of its Tesla shares as well.
Mark your calendars. Tesla has set its Q3 earnings date for Nov 5 (Wednesday). The shareholder letter usually gets published shortly after market close, 1pm PST. And the earnings conference call will be at 2:30pm PST.
Tesla had guided for 7800 deliveries (9000 cars produced) for Q3. Tesla will need to include additional expenses in Q3 from extending the powertrain warranty for past cars to 8 years, but this could be offset by selling ZEV credits to other manufacturers. The big mover of the stock will likely any future guidance shared for Q4 and beyond.
This past week the following analysts re-affirmed their TSLA price targets: ISI Group (George Galliers) price target $320, Credit Suisse (Dan Galves) price target $325, JPMorgan (Ryan Brinkman) price target $190, and Barclays (Brian Johnson) price target $220.