Tesla: broker reassured after positive note

(CercleFinance.com) - The Tesla share escaped the sluggishness of the US stock markets this Friday thanks to positive comments from analysts at Wedbush, who see the group reaching an inflection point next year.


In a note published over the course of the morning, Wedbush Securities says that it expects a solid second half year from the Californian group, which could bring it to approximately 900,000 deliveries this year.

The 1m-unit mark should be reached in 2022 says the broker, which anticipates approximately 1.3 million vehicles delivered next year under the effect of the ramp-up of the Berlin and Austin factories. Wedbush, which maintains is 'outperform' rating on Tesla, sets a target price of 1000 dollars.

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