Freedom Capital Raises Tesla (TSLA) Price Target to $338 After Record Q3 Deliveries

Tesla, Inc. (NASDAQ:TSLA) is one of the Trending AI Stocks on Wall Street’s Radar. On October 3, Freedom Capital Markets raised its price target on the stock to $338.00 from $217.00 while maintaining a Sell rating.

The price target raise follows Tesla’s biggest delivery quarter ever where it delivered 497,099 vehicles in the third quarter, exceeding Wall Street’s estimate of 443,079.

Buyers were rushing to take advantage of the expiring $7,500 federal EV tax credit. According to the firm, the Q3 2025 delivery figures exceeded both consensus market estimates and the firm’s own projections for the quarter.

Despite the positive update, Freedom Capital Markets maintains its Sell rating noting that noting that deliveries may slow after the credit benefit fades.

Tesla, Inc. (NASDAQ:TSLA) is an automotive and clean energy company that leverages advanced artificial intelligence in its autonomous driving technology and robotics initiatives.

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