• 6
  • 3
  • Favorite

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)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment3

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

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial