Tesla: Wedbush still a buyer
(CercleFinance.com) - Wedbush maintains its Outperform rating on Tesla shares, along with its target price of $215.
The day spent at Tesla's Nevada Gigafactory this week, "which inspired further confidence in Tesla's plan and overall vision forward".
Ramping up production of the 4680 battery, "driving margins while aiming at reducing battery costs by 30% - 50% over the long-term as the golden goose", it added.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The day spent at Tesla's Nevada Gigafactory this week, "which inspired further confidence in Tesla's plan and overall vision forward".
Ramping up production of the 4680 battery, "driving margins while aiming at reducing battery costs by 30% - 50% over the long-term as the golden goose", it added.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.