Reported 2 days ago
Tesla's stock has fallen about 50% from its all-time high, prompting Wall Street analysts, including bullish Dan Ives from Wedbush, to defend the stock during what he describes as a critical moment. Ives maintains a strong buy rating and a price target of $550, despite concerns over CEO Elon Musk's political affiliations impacting investor sentiment. Analysts suggest that while sentiment is adverse, the long-term potential of Tesla's autonomous driving and robotics endeavors could significantly elevate its market value.
Source: YAHOO