![]() Shares of the EV maker fell more than 4 in pre-market trading on Friday amid fresh U.S. Tesla stock was up 1% in pre-market trading on Wednesday. Brian Sozzi Januat 6:35 AM 2 min read So much for that Tesla stock ( TSLA) bounce. Michaeli's new price target is $176, up from $141.33 previously. The EV completed a 12.94-mile lap in 7 minutes and 25. (3) To be sure, macro/competitive concerns are likely to remain an overhang with capacity rising, but as we’ve previously written, in a hard landing scenario Tesla’s long-term competitive position likely also improves and potentially further enhanced by. The Tesla Model S reclaimed the lap record for a production electric vehicle at Nürburgring. "(2) Though our latest model update leads us to reduce EPS estimates, we still find ourselves slightly above consensus for Q4-2024E EPS. The Tesla financing calculator is available to help estimate your payments for purchasing and leasing your vehicle. "(1) With the multiple contracting to ~30x 2023E EPS, we feel that some of the prior baked-in expectations that we didn’t agree with are out of the stock," Michaeli explained. Tesla Financing We provide multiple financing options for your vehicle. The analyst served up several reasons for the valuation-based upgrade. "We believe the year-to-date pullback has balanced out the near-term risk/reward," Michaeli wrote in a note to clients. ![]() Tesla stock woes have caught the attention of one noted Wall Street bear on the EV maker.Ĭiti analyst Itay Michaeli upgraded his rating on Tesla to Neutral from Sell on Wednesday, viewing the company losing more than $600 billion in market cap from November 2021 highs as nearing overdone. Yahoo Finance Jun 6th 2023 at 6:12PM 3 Comments The holy grail for electric vehicle adoption is said to arrive once mainstream EVs could be had for under 30,000. ![]()
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