Tesla Stock Outlook Improved with "New Catalysts", Says Citi

Investing07-12

On Friday, Citi updated its stance on Tesla Inc. stock, boosting the electric vehicle maker's price target significantly to $274 from the previous $182, while keeping a Neutral rating on the stock.U.S...

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Comments

  • Guavaxf30
    07-13
    Guavaxf30
    I would not be celebrating Friday's bounce yet. Bounces are sentiment driven. The real issues are still ahead for Tesla. Reproducing two pieces of news from the weekly recap which we should note:- BYD (BYDDF) will build a $1 billion electric-vehicle factory in Turkey, highlighting the threat to Western carmakers from low-cost Chinese rivals. Most of BYD's EVs are still sold in China but overseas sales are booming, with the EV and battery giant opening a plant in Thailand earlier this month. The Turkey factory, along with an already-planned site in Hungary, would help BYD avoid or lower steep new EU tariffs on imported Chinese cars. BYD stock rose to a 2024 high. Tesla (TSLA) tumbled Thursday, snapping a huge 11-day run after Bloomberg reported the EV giant is pushing out its "robotaxi" rev
  • Coldastone17
    07-13
    Coldastone17
    Congrats on those who shorted before market opened! Cos u probably died 
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