Tesla Inc. T.S.L. Shares of.
The electric vehicle company’s battery day was disappointing, hitting a 5.8% pre-market hit on Wednesday, but Oppenheimer analyst Colin Rush says they will be “buyers on any near-term weakness.” Rush reiterated the outperform rating it has received on the stock for at least the past two years and set a price target of $ 451. He said Tesla outlined a “strong redevelopment of battery design, manufacturing and performance,” targeting 25,000 vehicles in three years and a 20-fold increase in capacity by 2030. The consensus is above estimation. “We are impressed with the ambition of the effort and consider this roadmap to be a leadership chart of current technology and its costs [Tesla] “The entire LDV market is capable of selling,” Rush wrote in a note to consumers. Although limited details can be weighed on shares, we will be buyers on any near-term weakness. “Shares of Tesla have more than doubled (111.7%) in the last three months.
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