(CercleFinance.com) – Wedbush reaffirms its ‘outperform’ opinion and its price target of $350 on Tesla, judging the automaker slightly ahead on the way to reaching the milestone of 480,000 vehicle deliveries in the fourth quarter.
According to him, volumes in China over the period ‘are expected to reach a new record, as the Category 5 storm that hit Tesla in 2023 appears to have passed, with the group now increasing prices and seeing firm demand in this key region’.
‘We see Tesla where Apple was in 2008-09, when the latter was just starting to monetize its services and ecosystem in gold, and the market was not seeing the broader golden vision,’ adds the broker, which points to the network Tesla Supercharger.
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