Some Wall Street analysts see a buying opportunity in Tesla in 2023 – although others think that the delivery of the new car will not cause problems for the electric vehicle maker. Tesla reported deliveries of 405,278 vehicles in the final quarter of 2022, less than the 427,000 deliveries expected by analysts, according to a consensus estimate compiled on FactSet, as of December 31. a record for Tesla. For some on Wall Street, the ramp up in production helped offset the miss. Baird analyst Ben Kallo, who recently gave Tesla his top pick for 2023, reiterated his outperform rating and said he would remain a buyer of the stock ahead of the company’s earnings report on January 25. “Q4 shipments missed consensus but beat our estimates. Importantly, production increased by ~20% q/q which is expected to continue until 2023 as gigafactories in Berlin and Austin continue to ramp up,” Baird’s Kallo said in a note on Tuesday. Kallo’s $252 price target suggests the stock could more than double from Friday’s closing price of $123.18. Canaccord Genuity’s George Gianarikas has a similar view on the stock, saying demand pressure on Tesla will pass, especially after it reopens in China. The analyst reiterated his buy rating on Tesla, and maintained his price target of $275. “Tesla reported 4Q22 deliveries that were slightly below consensus but above CG estimates and, in our opinion, better than our worst fears,” Gianarikas wrote in a Monday note. . “[Our] the belief remains that current demand issues reflect cyclical pressures and that strong secular growth remains for many years. We see Tesla sustain several years of growth as EV penetration continues to move further, new vectors of growth open, and competition begins to falter, “added Gianarikas. To be sure, not all analysts on Wall Street are bullish on the stock. Tesla shares has come under increasing pressure last year due to reduced demand for the company’s vehicles, which are more expensive than similar offerings from competitors. The stock is down about 65% in 2022. JPMorgan analyst Ryan Brinkman lowered his price target on Tesla to $125, while still underweight the stock, said it needed more promotion to sell vehicles in the final quarter to further decline ahead. lowered its forecast and price target after Tesla on Monday reported 4Q deliveries that tracked modestly higher than our model but appeared to be driven by higher incentive costs. es, suggesting lower prices and margins,” JPMorgan’s Brinkman wrote in a note Tuesday . “[Moreover], 4Q deliveries were miss vs. consensus expectations, which when combined with the drag of low prices in our view suggests a potential downside for Bloomberg consensus EPS of $1.19 heading into the release, “wrote Brinkman. Bernstein Toni Sacconaghi also has an underperform rating on the stock, said he expects that the consensus estimate is high too much, and demand pressure will continue for Tesla. -seat Model Y (which is a $3000 option), “AllianceBernstein’s Sacconaghi Jr. wrote in the note there. “We believe that Tesla must either reduce its growth target (and open its factories below capacity) or sustain and potentially increase new prices. Cuts globally, pushing the limits. We see the problem of demand that remains until Tesla can introduce a lower price offer in volume, which may be only in 2025.