Investor's Corner
Tesla Battery Swaps and Model X Reservations Rising


Tesla battery swap station at Harris Ranch in Coalinga, CA
Tesla’s Harris Ranch Battery Swap Station in Coalinga, Calf., is running at full-capacity according to a recent post on Tesla Owner. The blogger owns a Tesla Model S and recently tested the battery swap facility on a trip to Southern California.
Tesla Owner writes in “Battery Swap” on July 1:
The swaps are available seven days a week from around 9am to 5pm. When I called, the swap station was already quite booked for the next couple of weeks. I managed to schedule a trip by driving down on a Friday and returning on a Monday. No slots were available on the weekend and only two slots were available on that Monday. The station appears to be quite busy for the foreseeable future.
A little recent history on the Tesla battery swap stations: In late 2014, Tesla invited 200 Model S owners to participate in the battery swap station testing at Harris Ranch and then opened it up to all owners in 2015. However, Musk seems to be wringing his hands of the battery swap concept in recent weeks via interviews and the recent annual shareholder meeting.
>> Related Content >> A Peek Into Tesla’s Batter Swap Station at Harris Ranch
“Based on what we’re seeing here (battery swap stations), it’s unlikely to be something that’s worth expanding in the future, unless something changes,” Musk says. “For the Superchargers, as we’ve said in the initial press release, the Superchargers are free. It’s basically free long distance for life, forever.” Musk also has stated that longer ranges in future battery packs should eliminate the need for more battery swap stations.
The entire battery swap process takes about 7 minutes and costs approximately $80 dollars. The service is a nice convenience for a driver pressed for time as the following post discusses.

Model S and pre-production Model X seen at the Petaluma, CA Supercharger (Source: User TslaUp via Stocktwits)
Model X Reservations on the Rise?
Model X reservations are moving upwards according to a TMC discussion thread, with a global total of 27,393 reservations through May 2015. The total net reservations after taking into account cancellations is at 23,150 for the cross-over vehicle according to TMC’s Wiki page.
One would think the cancellation number would be bigger, considering the length of time reservation holders have been waiting. (I know someone who’s been waiting three years). Tesla mentioned about 20,000 reservations at the end of 2014, so it looks like the moderate press attention in 2015 has helped with reservations.
Also, Tesla could be getting some cosmic timing for the Model X release. If the Model X release goes well in September, Tesla should receive another large boost in media attention leading into the holiday season. Not bad. As Edmunds reported 2012:
“Luxury makes like BMW, Mercedes-Benz and Lexus have traditionally enjoyed strong end-of-year sales volumes triggered by higher incentive spending, and sell-offs of remaining current model-year vehicles.”
Tesla won’t have the incentives, but positive media reports and a second luxury offering should open consumers’ eyes.
*Any other Tesla owners using the battery swap station?
>> Related Content >> Ladies in the House, Model X or BMW i3?
Investor's Corner
Stifel raises Tesla price target by 9.8% over FSD, Robotaxi advancements
Stifel also maintained a “Buy” rating for the electric vehicle maker.

Investment firm Stifel has raised its price target for Tesla (NASDAQ:TSLA) shares to $483 from $440 over increased confidence in the company’s self-driving and Robotaxi programs. The new price target suggests an 11.5% upside from Tesla’s closing price on Tuesday.
Stifel also maintained a “Buy” rating despite acknowledging that Tesla’s timeline for fully unsupervised driving may be ambitious.
Building confidence
In a note to clients, Stifel stated that it believes “Tesla is making progress with modest advancements in its Robotaxi network and FSD,” as noted in a report from Investing.com. The firm expects unsupervised FSD to become available for personal use in the U.S. by the end of 2025, with a wider ride-hailing rollout potentially covering half of the U.S. population by year-end.
Stifel also noted that Tesla’s Robotaxi fleet could expand from “tiny to gigantic” within a short time frame, possibly making a material financial impact to the company by late 2026. The firm views Tesla’s vision-based approach to autonomy as central to this long-term growth, suggesting that continued advancements could unlock new revenue streams across both consumer and mobility sectors.
Tesla’s FSD goals still ambitious
While Stifel’s tone remains optimistic, the firm’s analysts acknowledged that Tesla’s aggressive autonomy timeline may face execution challenges. The note described the 2025 unsupervised FSD target as “a stretch,” though still achievable in the medium term.
“We believe Tesla is making progress with modest advancements in its Robotaxi network and FSD. The company has high expectations for its camera-based approach including; 1) Unsupervised FSD to be available for personal use in the United States by year-end 2025, which appears to be a stretch but seems more likely in the medium term; 2) that it will ‘probably have ride hailing in probably half of the populations of the U.S. by the end of the year’,” the firm noted.
Investor's Corner
Cantor Fitzgerald reaffirms bullish view on Tesla after record Q3 deliveries
The firm reiterated its Overweight rating and $355 price target.

Cantor Fitzgerald is maintaining its bullish outlook on Tesla (NASDAQ:TSLA) following the company’s record-breaking third quarter of 2025.
The firm reiterated its Overweight rating and $355 price target, citing strong delivery results driven by a rush of consumer purchases ahead of the end of the federal tax credit on September 30.
On Tesla’s vehicle deliveries in Q3 2025
During the third quarter of 2025, Tesla delivered a total of 497,099 vehicles, significantly beating analyst expectations of 443,079 vehicles. As per Cantor Fitzgerald, this was likely affected by customers rushing at the end of Q3 to purchase an EV due to the end of the federal tax credit, as noted in an Investing.com report.
“On 10/2, TSLA pre-announced that it delivered 497,099 vehicles in 3Q25 (its highest quarterly delivery in company history), significantly above Company consensus of 443,079, and above 384,122 in 2Q25. This was due primarily to a ‘push forward effect’ from consumers who rushed to purchase or lease EVs ahead of the $7,500 EV tax credit expiring on 9/30,” the firm wrote in its note.
A bright spot in Tesla Energy
Cantor Fitzgerald also highlighted that while Tesla’s full-year production and deliveries would likely fall short of 2024’s 1.8 million total, Tesla’s energy storage business remains a bright spot in the company’s results.
“Tesla also announced that it had deployed 12.5 GWh of energy storage products in 3Q25, its highest in company history vs. our estimate/Visible Alpha consensus of 11.5/10.9 GWh (and vs. ~6.9 GWh in 3Q24). Tesla’s Energy Storage has now deployed more products YTD than all of last year, which is encouraging. We expect Energy Storage revenue to surpass $12B this year, and to account for ~15% of total revenue,” the firm stated.
Tesla’s strong Q3 results have helped lift its market capitalization to $1.47 trillion as of writing. The company also teased a new product reveal on X set for October 7, which the firm stated could serve as another near-term catalyst.
Investor's Corner
Tesla just got a weird price target boost from a notable bear

Tesla stock (NASDAQ: TSLA) just got a weird price target boost from a notable bear just a day after it announced its strongest quarter in terms of vehicle deliveries and energy deployments.
JPMorgan raised its price target on Tesla shares from $115 to $150. It maintained its ‘Underweight’ rating on the stock.
Despite Tesla reporting 497,099 deliveries, about 12 percent above the 443,000 anticipated from the consensus, JPMorgan is still skeptical that the company can keep up its momentum, stating most of its Q3 strength came from leaning on the removal of the $7,500 EV tax credit, which expired on September 30.
Tesla hits record vehicle deliveries and energy deployments in Q3 2025
The firm said Tesla benefited from a “temporary stronger-than-expected industry-wide pull-forward” as the tax credit expired. It is no secret that consumers flocked to the company this past quarter to take advantage of the credit.
The bump will need to be solidified as the start of a continuing trend of strong vehicle deliveries, the firm said in a note to investors. Analysts said that one quarter of strength was “too soon to declare Tesla as having sustainably returned to growth in its core business.”
JPMorgan does not anticipate Tesla having strong showings with vehicle deliveries after Q4.
There are two distinct things that stick out with this note: the first is the lack of recognition of other parts of Tesla’s business, and the confusion that surrounds future quarters.
JPMorgan did not identify Tesla’s strength in autonomy, energy storage, or robotics, with autonomy and robotics being the main focuses of the company’s future. Tesla’s Full Self-Driving and Robotaxi efforts are incredibly relevant and drive more impact moving forward than vehicle deliveries.
Additionally, the confusion surrounding future delivery numbers in quarters past Q3 is evident.
Will Tesla thrive without the EV tax credit? Five reasons why they might
Tesla will receive some assistance from deliveries of vehicles that will reach customers in Q4, but will still qualify for the credit under the IRS’s revised rules. It will also likely introduce an affordable model this quarter, which should have a drastic impact on deliveries depending on pricing.
Tesla shares are trading at $422.40 at 2:35 p.m. on the East Coast.
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