Tesla gains again ahead of a riveting slate of October events

Tesla (NASDAQ:TSLA) continued its forward momentum on Wednesday with a 0.4% gain in early afternoon trading. For the week, the EV stock is up more than 6% as investors start to eye the triple whammy in October of the Q3 deliveries report, robotaxi event, and Q3 earnings report.

On Wall Street, Piper Sandler raised its price target on Tesla (TSLA) to $310 from $300 and said it thinks the EV maker can match expectations with its Q3 deliveries update. “Unlike in other regions, it’s possible to track weekly registration data in China. As a result, we have high conviction that Tesla will deliver 175k+ units in Q3,” previewed analyst Alexander Potter wrote in a Monday note. He noted that Tesla’s (TSLA) sales in Europe are weak, but expects Cybertruck deliveries are supporting demand in the U.S.

Baird backed an Outperform rating on Tesla (TSLA). Analyst Ben Kallo thinks that shares could bounce further after the deliveries update and robotaxi event. Meanwhile, Goldman Sachs analyst Mark Delaney expects the company’s technology and business outlook for Full Self Driving and robotaxis to be a catalyst, especially if Elon Musk gives a start date for the robotaxi service. The firm’s derivatives team thinks buying TSLA call options ahead of the event could pay off.

On Seeking Alpha, opinions are divided as usual. LEL Investments, Millennial Dividends and A.J. Button have Hold ratings on TSLA ahead of the three big events, while Zvi Bar and Sungarden Investment Publishing have new Buy ratings, and Shubhm Mitessh Thakkar has a Strong Sell rating.