Tesla regains the "hearts and minds" of Big Morgan and Citi after plunging more than 50%.
Tesla market value in two months evaporated nearly $ 300 billion, but now, a growing number of Wall Street analysts have begun to say that the company's shares have fallen enough to advise investors not to miss this round of buying opportunities.
As of Wednesday's U.S. stock close, Tesla was trading at $183.20, up nearly 8 percent, the biggest one-day gain since July.
As of Wednesday's U.S. stock close, Tesla was trading at $183.20, up nearly 8 percent, the biggest one-day gain since July.
Tesla's shares have plunged this year due to rising raw material costs, production and sales problems and customer budget pressures. Recent distractions from the company's CEO Musk, who is focused on turning around Twitter, have also dampened market sentiment.
Despite all the challenges Tesla has faced this year, Wall Street has remained largely optimistic. Most Tesla analysts have a Buy or Neutral rating on the stock, although the stock is currently 57 percent away from the average analyst target price.
In addition, Tesla's plunge this year has reduced the stock's expected price-to-earnings ratio from more than 200 times in early 2021 to 31 times now.
Despite all the challenges Tesla has faced this year, Wall Street has remained largely optimistic. Most Tesla analysts have a Buy or Neutral rating on the stock, although the stock is currently 57 percent away from the average analyst target price.
In addition, Tesla's plunge this year has reduced the stock's expected price-to-earnings ratio from more than 200 times in early 2021 to 31 times now.
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Lil Mike : this is a company that Elon Musk is the CEO where Else do you think it's gonna go nowhere but up In this quarter that's cool it's about 400000 cars It's more than Any other car dealership I do a lot of investment research on a lot of different companies and Elon Musk Has got a lot of companies at the top of the list space X ,Tesla , Starlink , Nero link and now Twitter
72734102 : Don‘ bet against Elon! He‘ s ten moves ahead of the slow CEO’s at GM n Ford and Nio (who has to copycat Elon! New Solar PI phone will crush Apples IPhone !