Tesla bull thesis is fully recharged to begin the new year
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Tesla (NASDAQ:TSLA) races higher as investors start off the year full of confidence following a Q4 deliveries report from the electric vehicle maker that beat expectations.

Deutsche Bank reiterates a Buy rating on Tesla (TSLA) and says the strong deliveries number could signal that Tesla will top expectations this year. 2022 is seen as a pivotal year for TSLA's future growth and profitability with the ramp up of the new Berlin and Austin plants, start of new vehicles, initial in-house production of 4680 battery cells and likely broader rollout of full self driving software.

Analyst Emmanuel Rosner: "While we maintain for now our 2022 deliveries estimate of 1.47mn units, 4Q production suggests upside potential to our forecast. Our 2022 deliveries represent 58% YoY growth, which should be supported by the new Berlin and Austin factories, as well as capacity expansion in existing factories."
The German firm has a price target of $1,200 on Tesla (TSLA).
Wedbush Securities is also positive on Tesla (TSLA) into the new year.
"Tesla continues to dominate market share as evidenced again this quarter while battling through the chip shortage and now is seeing China demand step up big time after facing headwinds earlier in 2021," notes analyst Dan Ives.
"We believe in the month of December alone Tesla delivered roughly 200k vehicles and is a clear indicator of this green tidal wave taking hold for Musk & Co. across the board. We believe China demand was a standout this quarter and will be a focus for the bulls digesting these results."
Wedbush keeps an Outperform rating and $1,400 price target. The firm also has a bull case target of $1,800.
Even a noted bear on Tesla (TSLA) is hiking its PT following the Q4 deliveries report. J.P. Morgan sets a December 2022 price target of $295 on TSLA as it points to above-average execution risk and elevated valuation.
Shares of Tesla are up 7.05% premarket to $1,131.29 to move back over their 50-day moving average. The all-time high is $1,243.49.