Tesla's stock dropped 12% after earnings, but one analyst predicts it will reach $300.

From Nasdaq: 2024-07-24 19:06:00

Tesla’s shares dropped 12% after second-quarter earnings, impacted by lower selling prices. Piper Sandler maintains an overweight rating with a $300 price target, citing bright spots like improved full self-driving software. For Tesla to reach $300, positive automotive margin trends are crucial. The Motley Fool Stock Advisor recommends other stocks over Tesla, highlighting their track record of successful picks. Consider their advice before investing in Tesla or other stocks for potential returns. John Ballard has positions in Tesla, and The Motley Fool has positions in and recommends Tesla.



Read more at Nasdaq: Is Tesla Stock Going to $300? 1 Wall Street Analyst Thinks So.