From Yahoo Finance:

Tesla stock has fallen 56% from its 2021 high, facing challenges from price cuts and EV market competition. Analyst Adam Jonas remains bullish, with an 80% upside potential despite lowering the price target to $320 per share.

CEO Elon Musk warns of obstacles like an oversupplied EV market in China and rising interest rates affecting Tesla in the short term. Long-term investors may find the stock dip to be an opportunity, given Tesla’s potential growth and profitable operations in software and AI development.

Investors are advised to be patient with Tesla’s stock this year, as it navigates through market challenges. Despite the temporary setbacks, Tesla’s growth prospects in the EV market and other revenue streams hold promise for future returns. Wall Street analyst Adam Jonas maintains an optimistic outlook for the company’s stock performance.



Read more at Yahoo Finance: Tesla Stock Has 80% Upside, According to This Wall Street Analyst