What's Going On With Tesla Stock Today
Portfolio Pulse from Henry Khederian
Tesla Inc's shares are trading higher after the European Union announced plans to launch an anti-subsidy investigation into Chinese EVs. If the investigation reveals unfair subsidies or trade practices, it could result in trade restrictions or tariffs on Chinese EV imports, potentially reducing competition for Tesla in the European market. UBS analyst Patrick Hummel assumed Tesla with a Neutral rating and announced a price target of $290.
September 13, 2023 | 3:15 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Tesla's stock is trading higher due to potential reduced competition in the European market if the EU imposes trade restrictions on Chinese EVs. UBS analyst sets a price target of $290.
The news of the EU's investigation into Chinese EV subsidies could potentially reduce competition for Tesla in the European market, which is beneficial for Tesla's sales and market share. Additionally, the new price target set by UBS analyst could attract more investors, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100