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2021-06-28

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Wedbush says Tesla faces a ‘moment of truth’ in China with recall

Wedbush is maintaining its bullish view on Tesla, despite negative headlines regarding an autopilot

Wedbush says Tesla faces a ‘moment of truth’ in China with recall

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWedbush says Tesla faces a ‘moment of truth’ in China with recall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 20:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/tesla-stock-wedbush-maintains-outperform-rating-despite-china-recall.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wedbush is maintaining its bullish view on Tesla, despite negative headlines regarding an autopilot software recall in China.\nChinese regulators on Saturday said Tesla would need to fix software on ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/tesla-stock-wedbush-maintains-outperform-rating-despite-china-recall.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/06/28/tesla-stock-wedbush-maintains-outperform-rating-despite-china-recall.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1118489554","content_text":"Wedbush is maintaining its bullish view on Tesla, despite negative headlines regarding an autopilot software recall in China.\nChinese regulators on Saturday said Tesla would need to fix software on nearly 300,000 cars in the country. The regulators said the cars’ assisted driving function can accidentally be activated by drivers, prompting sudden acceleration.\n“We believe this situation overall is a bump in the road and does not derail the near-term or long-term bull thesis for Tesla China, however going forward it needs to be a smoother road on autopilot safety otherwise the PR black cloud will continue,” Wedbush’s Daniel Ives said in a note released Sunday.\nIves said the recall is a “moment of truth for Tesla,” as the company needs to correct the autopilot software problems and put the issues “in the rear view mirror.”\nWedbush is maintaining its outperform rating on the electric vehicle stock. The firm is also keeping its $1,000 price target on Tesla, implying a 48.8% upside.\nIves noted that the Chinese market is set to comprise 40% of global deliveries for Tesla by next year. As such, demand China is a “key driver” for Tesla’s long term growth.\n“The company must play nice in the sandbox with Beijing around safety issues, otherwise it will be an impediment towards achieving its goals/targets in country,” Ives said.\nTesla shares closed at $671.87 on Friday and are down 4.8% in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}