Tesla bull case price target raised to $350 due to Musk's pay package approval

From Investing.com: 2024-06-14 04:31:05

Elon Musk and Tesla shareholders celebrate as the 2018 compensation package and Texas incorporation get approval at the annual meeting. Wedbush analysts predict this will boost TSLA stock by removing previous overhang of $20-$25 due to a Delaware ruling.

Wedbush raises bull case price target for TSLA to $350 over the next 12-18 months, citing growth potential in autonomous and FSD technology. Analysts believe Tesla’s valuation could surpass $1 trillion by 2025. The base case 12-month price objective is set at $275, indicating over 50% upside from current levels.



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