Wedbush Analyst Upgrades Price Target for Tesla Following Strong Q2 Deliveries

Wednesday, 3 July 2024, 14:45
In a recent update, renowned analyst Dan Ives has increased his price target for Tesla, citing robust deliveries in the second quarter that surpassed expectations. He now predicts a price target of $300 with a potential for the stock to reach $400 by 2025. This optimistic outlook reflects the positive momentum and growth prospects for the electric vehicle manufacturer.
CNBC
Wedbush Analyst Upgrades Price Target for Tesla Following Strong Q2 Deliveries

Analyst Dan Ives Raises Tesla Price Target

Renowned analyst Dan Ives recently upgraded his price forecast for Tesla to $300, pointing to the company's impressive Q2 deliveries.

Key Points:

  • Price Target Increase: Ives raises Tesla's target to $300.
  • Potential Growth: Foresees stock reaching $400 by 2025.
  • Strong Q2 Deliveries: Exceeded expectations, driving the positive outlook.

The enhanced price target and optimistic projections underscore the market's confidence in Tesla's future performance and expansion.

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