Tesla: Jefferies confirms 'buy' rating

(CercleFinance.com) - An analyst at Jefferies confirms his “buy” rating on the Tesla stock on Friday, saying worries regarding demand are "exaggerated" and that industrial efficiency is improving.


That being said, the broker is cutting its auto margin estimates for the prior year because of the S/X model pricing and the slight decline in units. It still considers Tesla's technology is of significant value, with increasingly affordable prices.

Jefferies hence confirms its target price of 300 dollars.


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