Wedbush reiterated coverage of Tesla (NASDAQ:TSLA) with an Outperform recommendation on July 3, 2023. Analysts forecast a 29.45% downside, with an average one-year price target of $184.69. The projected annual revenue for Tesla is $118,517MM, showing a 37.75% increase, with a non-GAAP EPS of 5.70.

There are 4034 funds or institutions reporting positions in Tesla, indicating a 5.24% increase in the last quarter. The put/call ratio of TSLA is 0.82, suggesting a bullish outlook. Vanguard Total Stock Market Index Fund Investor Shares holds 83,256K shares, representing a 2.63% ownership increase.

Ofi Invest Asset Management holds 75,078K shares, while Vanguard 500 Index Fund Investor Shares holds 62,757K shares, both representing ownership of 2.37% and 1.98% respectively. Geode Capital Management holds 50,048K shares, and Capital World Investors holds 43,760K shares of Tesla, with ownership percentages of 1.58% and 1.38%, respectively.

Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company offers high-performance electric vehicles, including the Model S, Model X, and Model 3, as well as energy products like solar, storage, and grid services. Tesla is at the forefront of the shift towards sustainable energy.

Read more at NASDAQ.: Wedbush Reiterates Tesla (TSLA) Outperform Recommendation