Positive.

From Investing.com: 2024-12-18 09:10:32

Baird raises Tesla Inc’s price target to $480 from $280, citing strong growth prospects supported by cost reductions, new models, and regulatory dynamics. Stock has surged 91% since U.S. election, outpacing market. Analysts bullish on upcoming catalysts, including Cybercab rollout and Musk’s ties to Trump. Cost-cutting measures, factory utilization to drive growth; regulatory credit sales seen as sustainable revenue stream. Risks include U.S. EV tax credit removal, geopolitical concerns in Shanghai, and Elon Musk’s workload. $200 price target increase reflects premium valuation of 57 times 2028 EBITDA estimates, discounted to 2025.



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