Tesla price target cut to $812 by Canaccord

Dow Jones2021-06-15

MW Tesla price target cut to $812 by Canaccord

Analysts at Canaccord Genuity on Monday cut their price target on Tesla Inc. $(TSLA)$ shares to $812, from $974, on disappointment that the electric-car maker has nixed the Model S Plaid Plus cell design. This signals to us the new cell format isn't ready for production just yet, and cell production capacity constraints for energy storage products like Powerwall remain," the Canaccord analysts said. "Coupling this with macro near-term uncertainty surrounding inflation and Fed policy causing a sector rotation out of growth and into value names, leads us to our PT reduction." The $812 target implies a 31% upside to Monday's stock price. Tesla shares have lost 12% this year, contrasting with gains around 13% for the S&P 500 index.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

June 14, 2021 17:48 ET (21:48 GMT)

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Comments

EMforever
2021-06-15
EMforever
please hit above $800
huat168
2021-06-15
huat168
Really? Push ???
Salibee
2021-06-15
Salibee
Get em up to 800 this year end apes! We can do this!
- LoneSurvivor:
  Wow wow now in hopes for TSLA to be $800 . cmonnnnnnnnn
- huat168:
  ??

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This signals to us the new cell format isn't ready for production just yet, and cell production capacity constraints for energy storage products like Powerwall remain,\" the Canaccord analysts said. \"Coupling this with macro near-term uncertainty surrounding inflation and Fed policy causing a sector rotation out of growth and into value names, leads us to our PT reduction.\" The $812 target implies a 31% upside to Monday's stock price. Tesla shares have lost 12% this year, contrasting with gains around 13% for the S&amp;P 500 index. \n</p>\n<p>\n  -Claudia Assis; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 14, 2021 17:48 ET (21:48 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla price target cut to $812 by Canaccord</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Push ???","listText":"Really? Push ???","text":"Really? Push ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187919903","repostId":2143735761,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":184842721,"gmtCreate":1623710545963,"gmtModify":1704209039014,"author":{"id":"3578610877384773","authorId":"3578610877384773","name":"Salibee","avatar":"https://static.tigerbbs.com/4171df5071ff91dad108e551fca14644","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3578610877384773","authorIdStr":"3578610877384773"},"htmlText":"Get em up to 800 this year end apes! We can do this!","listText":"Get em up to 800 this year end apes! We can do this!","text":"Get em up to 800 this year end apes! 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