RBC Analyst Forecasts Tesla Stock Price to Reach $293, Recommends as Buy Despite Stock Slide
Sunday, 28 April 2024, 09:00
Tesla's Positive Projections
RBC analyst maintains buy rating as Tesla shows progress in cost controls and FSD software development.
Analyst's Projections
- Narayan's Forecast: $293 price target with notable upside potential from $170 share price.
- Achievements: Cost controls boosting profits and FSD development advancing well.
- Slight lowering of price target no reason for concern given Tesla's long-term prospects.
Tesla's commitment to enhancing technology and efficiency bodes well for future growth.
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