Tesla Inc.’s stock rose 3.5% in premarket trade Monday, putting it on track to end a six-day losing streak, after Baird analyst Ben Kallo said price cuts and...
Tesla Inc.’s stock TSLA, -1.70% rose 3.5% in premarket trade Monday, putting it on track to end a six-day losing streak, after Baird analyst Ben Kallo said price cuts and their impact on margins will drive the narrative for the electric vehicle maker in the second half.
“Potential upcoming catalysts for the stock include Cybertruck launch, a wider-scale adoption of FSD , continued growth in the Energy business, expanding into new markets, and a possible AI Day, among others,” Kallo wrote in a note to clients. The analyst has an outperform rating on the stock, the equivalent of buy, and a $300 price target thats some 39% above its current price. The stock has gained 75% in the year to date, while the S&P 500 SPX, -0.01% has gained 13.8%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jalen Hurts Inc. | Morning NewsletterAnd the rebirth of a coal mine
Read more »
Honda And Acura To Follow GM And Adopt Tesla's NACSHonda and its luxury Acura brand will adopt the Tesla's North American Charging Standard (NACS) charging connector in North America.
Read more »
Honda And Acura To Follow GM And Adopt Tesla's NACSHonda and its luxury Acura brand will adopt the Tesla's North American Charging Standard (NACS) charging connector in North America.
Read more »
Non-Tesla Supercharging Pilot Program Approaching 20 CountriesNon-Tesla electric vehicles can use some of Tesla Superchargers in nearly 20 countries, including 15 in Europe. In the US, the progress is very slow.
Read more »
Non-Tesla Supercharging Pilot Program Approaching 20 CountriesNon-Tesla electric vehicles can use some of Tesla Superchargers in nearly 20 countries, including 15 in Europe. In the US, the progress is very slow.
Read more »
Tesla Plans To Adopt Bi-Directional Charging By 2025Tesla acknowledged recently that bi-directional charging will be available in its vehicles by 2025, even though Elon thinks it's a bad idea.
Read more »