Wells Fargo Maintains Underweight Rating on Tesla with $120 Price Target

Reported 1 day ago

Wells Fargo analyst Colin Langan has reiterated an 'Underweight' rating on Tesla, citing weak sales data despite a month-over-month increase. The firm predicts that Q3 deliveries will fall short of consensus and maintains a price target of $120 for the stock. While Tesla holds promise as an investment, the firm suggests other AI stocks may offer better potential.

Source: YAHOO

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