(News Bulletin 247) – Wedbush maintains its Outperformance position and its price target of $215 on Tesla shares.
The day spent this week at Tesla’s Gigafactory Nevada reinforced the analyst’s confidence ‘in Tesla’s overall plan and vision for the future’.
“We believe Tesla is poised to establish greater dominance in this market with battery costs at the forefront,” the broker said.
Ramping up 4680 battery production, reducing battery costs by 30-50% and margins will be ‘main points of attention for the year, as well as the balance between units and margins brutes’, Wedbush further adds.
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