Reported about 5 hours ago
Despite facing challenges and controversies surrounding CEO Elon Musk, Wall Street analyst Dan Ives believes Tesla's growth narrative is still strong. He highlights that upcoming events such as new vehicle launches and updates to existing models could serve as key catalysts. While the company's stock has recently faced pressure, Ives maintains a positive outlook with a target price of $550, citing expected demand boosts from lower-cost EVs and autonomy advancements.
Source: YAHOO