The new Model Y is expected to boost sales, Wedbush Securities gives Tesla an "Outperform" rating
Wedbush Securities is very optimistic about Tesla, giving the company an "outperform" rating and maintaining a target price of $500. One important reason for this optimism is the upcoming facelift of the Model Y. Many consumers are waiting for the new version, which could help Tesla boost sales. Additionally, Tesla is working hard on developing autonomous driving technology, with plans for an autonomous taxi expected to be a significant step forward for Tesla. If the project progresses smoothly, it could open up a new business area for Tesla. Analyst Daniel Ives also stated that the political environment under the Trump administration may make it easier for Tesla to navigate regulations. This could help the company accelerate its actions and focus more on new products. Ives believes there are many reasons to remain confident in Tesla. New vehicles, autonomous taxis, and government support will keep the company on a growth trajectory. Given that its stock price is far below the target price of $500, some investors may see this as a good opportunity
According to the Zhitong Finance APP, Wedbush Securities is very optimistic about Tesla (TSLA.US), giving the company an "Outperform" rating and maintaining a target price of $500.
One important reason for this optimism is the upcoming Model Y facelift. Many consumers are waiting for the new version, which could help Tesla boost sales.
In addition, Tesla is working hard on developing autonomous driving technology, with plans for an autonomous taxi expected to be a significant step forward for Tesla. If the project progresses smoothly, it could open up a new business area for Tesla.
Analyst Daniel Ives also stated that the political environment under the Trump administration may make it easier for Tesla to navigate regulations. This could help the company accelerate its actions and focus more on new products.
Ives believes there are many reasons to remain confident in Tesla. New vehicles, autonomous taxis, and government support will keep the company on a growth trajectory. Given that its stock price is far below the $500 target price, some investors may see this as a good opportunity
