22V Research has issued a bullish call on Tesla (TSLA) stock, setting a “Buy” rating with a $325 price target despite recent challenges like weak European sales and increased competition. Tesla’s European registrations dropped 40% YoY to 8,837 vehicles in July, while Chinese competitor BYD (BYDDY) saw a 225% increase to 13,503 registrations. Despite these challenges, 22V sees potential in new product launches, AI and EV technologies, and Musk’s strategic vision. Tesla’s robotaxi service launched in Austin, Texas, with plans for wider coverage. However, challenges like EV tax credit eliminations, tariff costs, and competition remain. Analysts forecast revenue to grow from $92.77 billion in 2025 to $208 billion in 2029, with TSLA stock potentially reaching $565 in early 2029. Nonetheless, mounting competitive pressure and regulatory uncertainties pose risks to Tesla’s future.

Read more at Yahoo Finance: This Analyst Says Tesla Stock Is Ready to Rip Higher. Should You Buy TSLA Now?