Current TSLA futures price sits at $197.80, while technical chart patterns reveal a bullish pennant. Traders in the derivatives market are adjusting positions into weekly expirations, betting on higher highs if earnings guidance exceeds consensus. Tesla delivered a record 497,099 vehicles, which was well above Wall Street's forecast. However, the strong sales were largely attributed to a rush from U.S. consumers to buy an electric vehicle before a key federal tax credit expired at the end of September. This created a belief that demand was pulled forward, potentially leading to a weaker fourth quarter and 2026. Benzinga reports that TSLA has a consensus Buy rating with an average price target of $333.80 based on the ratings of 28 analysts, implying a small downside from current levels. The highest forecast is $548 (Baird), while the lowest is $19 (GLJ Research). The three most recent ratings from Mizuho, Piper Sandler, and Baird suggest a near-term average target of $499.33, which implies a 17% upside from current levels. TSLA futures price rallied to $201.10 after reports of stronger-than-expected deliveries in China. This has triggered upgrades from several research houses, with revised price targets ranging between $220 and $235 over the next quarter.