(News Bulletin 247) – Wedbush maintains its Outperformance recommendation on Tesla stock and raises its price target from $215 to $300.
The story begins now for Tesla, says analyst who lists ‘its supercharger network, energy business, AI-driven autonomous path, unparalleled battery ecosystem and increasing scale and reach of production on a global scale…’
Assets that add ‘to the success of Tesla’s golden electric vehicles which is only in its infancy with customers’.
And Wedbush to also believe that Tesla is benefiting from stable demand after price cuts in the US and China,’ with margins now in stabilization mode expected to bottom out over the next 1-2 quarters. ‘.
In summary, ‘Musk and Tesla are playing chess while the other automakers are playing checkers in this green tidal wave of electric vehicles,’ continues Wedbush, who added Tesla to its list of top ideas.
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