Tesla: the title resumes, favorable remarks from New Street

Tesla is sharply higher Wednesday on the New York Stock Exchange in the wake of a favorable rating from analysts at New Street Research, who make the manufacturer of electric vehicles one of their preferred values ​​for 2022.

Half an hour after the opening, the title Tesla gained nearly 2% in volumes already representing four million pieces. It posted one of the largest increases in the Nasdaq 100 index, which rose 0.8%.

This increase brings the company’s capitalization to nearly $ 1.1 trillion.

In a research note published in the morning, New Street explains that it perceives several catalysts that could bring value to the financial year 2022.

The independent design office said in particular to count on a 70% growth in the group’s vehicle deliveries this year, an improvement in its profit margins, progress at the 4680 battery plant and new plant locations.

‘We expect the stock to react very favorably and make Tesla one of our preferred stocks for 2022,’ New Street concludes.

Since the start of the year, Tesla shares have gained 2.2%, against a loss of 3.1% for the Nasdaq.

Copyright (c) 2022 CercleFinance.com. All rights reserved.

Source link -88