From Investing.com: 2024-06-06 04:06:32

Canaccord Genuity analysts have raised their price target for Tesla (NASDAQ:), and revised their delivery estimates for the upcoming quarter and the 2024 fiscal year. The investment bank has maintained its Buy rating on the stock and increased its price target from $222 to $267, indicating a 50% upside potential. They have adjusted their Q2 2024 delivery estimate to 429,000 vehicles and full year 2024 estimate to 1.86 million vehicles, expecting a 3% year-over-year growth. Tesla’s major markets show varying trends, with strength in China and weakness in Europe. North America presents a mixed picture due to production constraints and inventory levels.



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