Citi: Give Tesla (TSLA) a "Sell" Rating and a $175 Price Target

凤凰网港股2021-07-12

ifeng.com Hong Kong stocksCitigroupAnalyst Itay Michaeli gives his thoughts onTesla(TSLA) Initial feelings of the "highly anticipated" FSD V9.0 beta. The analyst has a "sell" rating on the stock and a $175 price target.

Analysts say the videos released by the testers show a noticeable improvement in the fluency and visualization of the game, but the speed of getting out of the game isn't much different than before. The analyst said that although V9.0 has just been launched, it doesn't seem to support the optimism that Tesla will soon achieve a higher level of performance. Michaeli believes this is beneficial to both LiDAR stock (BK0786) and other autonomous vehicle platforms.

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