Elon Musk Laughs Off Analyst's Remark Who Said Tesla Is 'Looking Like A Regular Auto Company'
Portfolio Pulse from Anan Ashraf
Tesla Inc's CEO, Elon Musk, laughed off comments by Sanford C. Bernstein analyst Toni Sacconaghi, who stated that Tesla is increasingly looking like a regular auto company. Sacconaghi has an 'underperform' rating on Tesla with a price target of $150.
October 21, 2023 | 4:16 am
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Tesla's CEO Elon Musk dismissed an analyst's comment that the company is looking like a regular auto company. The analyst has an 'underperform' rating on Tesla with a price target of $150.
The analyst's comment and 'underperform' rating could potentially negatively impact Tesla's stock price in the short term. However, Elon Musk's dismissal of the comment may mitigate some of this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100