Reported 2 days ago
After a review of the electric vehicle (EV) market outlook, Deutsche Bank raised Tesla's stock price target from $295 to $370 while maintaining a buy rating, noting challenges ahead for the sector. Despite recent rebounds in Tesla shares and optimistic forecasts from CEO Elon Musk about potential benefits from subsidy rollbacks, concerns linger regarding delivery growth in 2024, with Goldman Sachs predicting struggles to meet growth targets. The overall automotive market faces volatility, but Tesla remains a favored stock among certain analysts for the upcoming year.
Source: YAHOO