Tesla (TSLA) – A Stock to Watch
The electric vehicle giant, Tesla, has been making headlines in the stock market world. RBC Capital analyst, Tom Narayan, has maintained a Buy rating on Tesla (TSLA) and set a price target of $313.00.
Narayan’s positive outlook on Tesla is backed by his average return of 4.3% and a success rate of 43.02% on recommended stocks. However, it’s worth noting that the analyst consensus on Tesla is currently a Hold with an average price target of $293.89, a -24.66% downside from current levels.
Other analysts, such as Wedbush, have also reiterated a Buy rating on Tesla with a $515.00 price target. This suggests that there may be some consistency in the views of top analysts on this stock.
Key Statistics
- Current Price: $390.10
- 1-Year High: $488.54
- 1-Year Low: $138.80
- Average Volume: 92.33M
Company Description
Tesla, Inc. manufactures and sells fully electric vehicles, solar energy generation systems, and energy storage products. The company operates through two segments: Automotive and Energy Generation & Storage.
Founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning in 2003, Tesla is headquartered in Palo Alto, CA.
Insights
Tesla’s recent report showed below-consensus deliveries, which may have affected the stock price. However, with a strong track record of innovation and a growing customer base, there may be opportunities for growth in the future.
As always, it’s essential to do your own research and consider multiple perspectives before making any investment decisions.
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