Tesla Inc. T.S.L. Shares of.
Emanuel Rozner, an analyst at Dutsch Bank, cut its pre-market trading by 2.7% on Wednesday as it raised its price target by 33%. Shares of the electric vehicle and battery maker have risen 36.2% in the past five days, from a September 1 record. From 1 record bear bear 1.41 close to record 341.61 34 34. bear% race has gone behind 1.1%. Rosner raised its share target from ડ 300 to 400 400, but reiterated its hold rating, as its new target is still 11.1% below Tuesday’s 449.76 closing closing price. Rosener said Tesla could unveil a “new insured manufacturing system” to increase battery capacity, improve cell chemistry that would greatly increase performance and “rapidly reduce” battery costs on its expected battery day Sept. Scheduled at 22. “While the media and” investors’ expectations for the event are high, we believe these announcements can meet many of them, and will strengthen Tesla’s position as techno leader, “Rosner wrote in a note to customers.” We believe that EV plays Therefore, investor enthusiasm and the expected confirmation of Tesla’s ongoing technology lead could continue to support its higher valuation. “Tesla’s shares rose 437.6% from Tuesday to date, while the S&P 500 SPX,
Increased by 5.3%.
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