Wedbush kept Tesla stock outperform rating maintained $350 price target
$Tesla (TSLA.US)$ Wedbush kept its outperform rating on Tesla stock and maintained a $350 price target. “Which pricing path Tesla takes will be a foundational move for the future of Tesla over the coming years in our view,” said analyst Daniel Ives.
In the article, Ives also mentioned many positive attributes about Tesla and why he gives the stock a buy rating.
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Analysts at Wedbush said that price cuts in 2023 were the right move to ensure healthy demand given increasing competition and higher production rates. However, they questioned whether the Elon Musk-led electric vehicle maker can continue its cost-cutting strategies, or if it will opt to keep its current pricing to ensure margin stability amid possible declines in EV demand.
Source:
$BYD COMPANY (01211.HK)$ $BYD Co. (BYDDF.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Tesla (TSLA.US)$ $VOLKSWAGEN A G (VWAGY.US)$ $NIO Inc (NIO.US)$ $Li Auto (LI.US)$ $XPeng (XPEV.US)$ $General Motors (GM.US)$ $Ford Motor (F.US)$ $Rivian Automotive (RIVN.US)$ $MERCEDES-BENZ GROUP AG (MBGAF.US)$ $TOYOTA MOTOR CORP (TOYOF.US)$ $GEELY AUTO (00175.HK)$ $Stellantis NV (STLA.US)$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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