Tesla: on the rebound with broker's comments

(CercleFinance.com) - After falling 6% on Thursday on the back of weaker-than-expected deliveries in the fourth quarter of 2024, Tesla regained 2% in early trading on Wall Street, while Canaccord Genuity maintained its 'buy' rating on the stock, with its price target raised from $298 to $404.


Tesla has missed its delivery target for 2024", notes the broker, pointing out that the automaker delivered just under 1.79 million vehicles last year, a number down 1%, whereas it was expecting "slight growth".

In the longer term, however, Tesla has a generational set of growth opportunities ahead, including electric mobility, autonomy/IA, energy storage and robotics.

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