Veteran analyst sends message to Tesla investors after Q1 miss

The seasoned Wedbush expert doubled down connected his Buy rating for the stock, lasting by a $600 terms target, adjacent aft Tesla missed Wall Street's transportation and vigor retention expectations.

That points to astir 65% upside, and represents the highest standing connected Wall Street for the EV giant.

For perspective, astatine the clip of writing, Tesla banal traded astatine $360.59 onYahoo Finance.

That leaves the banal down $20.67 a share, oregon astir 5.4%, from its $381.26 adjacent earlier it released its Q1 transportation and vigor deployment update.

The selloff ensued aft Tesla’s Q1 transportation report, which showed 358,023 conveyance deliveries and 8.8 GWh of vigor retention deployments that came successful down expectations, per Reuters.

For context, astatine its existent size, Tesla’s one-day driblet points to astir $82.2 billion successful mislaid marketplace capitalization.

Even aft its slide, Tesla inactive commands a marketplace headdress of astir $1.35 trillion.

That said, the company’s Q1 transportation figures constituent to wide pressure.

Deliveries fell abbreviated of expectations for the 2nd consecutive quarter, portion vigor retention deployments besides missed estimates by a important margin. For galore investors, that invites caller questions astir request and near-term growth.

Nevertheless, Ives is playing a antithetic game.

Ives wrote that,

So alternatively of the quarterly sluggishness, Ives is doubling down connected Tesla’s semipermanent translation into an AI and robotics bellwether.

• 1W: Tesla banal returned -3.10%, compared with the S&P 500 astatine 1.63%.

• 1M: Tesla banal returned -10.59%, compared with the S&P 500 astatine -4.34%.

• 6M: Tesla banal returned -17.30%, compared with the S&P 500 astatine -1.98%.

• YTD: Tesla banal returned -19.82%, compared with the S&P 500 astatine -3.84%.

• 1Y: Tesla banal returned 27.53%, compared with the S&P 500 astatine 16.08%.

• 3Y: Tesla banal returned 73.81%, compared with the S&P 500 astatine 60.19%.

• 5Y: Tesla banal returned 63.47%, compared with the S&P 500 astatine 63.75%.
  Source: Seeking Alpha.

• Q1 2026: Tesla delivered 358,023 vehicles and deployed 8.8 GWh of vigor storage. Deliveries missed Tesla’s institution statement of 365,645. Deliveries roseate 6.3% year-over-year.

• Q4 2025: Tesla delivered 418,227 vehicles and deployed 14.2 GWh of vigor storage. Deliveries missed Tesla’s institution statement of 422,850. Deliveries fell 15.6% twelvemonth implicit year.

• Q3 2025: Tesla delivered 497,099 vehicles and deployed 12.5 GWh of vigor storage. Deliveries bushed expectations of astir 443,919. Deliveries roseate 7.4% twelvemonth -over-year.

• Q2 2025: Tesla delivered 384,122 vehicles and deployed 9.6 GWh of vigor storage. Deliveries missed the estimates of astir 394,378. Deliveries fell 13.5% year-over-year.