Tesla Recovery Story: Analyst Says 'Fun Starts' Soon After Q2 Deliveries
Portfolio Pulse from Chris Katje
Tesla has cleared a major hurdle by approving CEO Elon Musk's pay package. Wedbush analyst Dan Ives has an Outperform rating on Tesla with a $275 price target and a bull case of $350 per share by 2025. Key upcoming catalysts include second-quarter deliveries and the August 8 robotaxi day. Ives expects a mini rebound in Q2 deliveries and sees the robotaxi day as a significant event for Tesla's future growth.
June 28, 2024 | 8:53 pm
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Tesla has cleared a major hurdle by approving CEO Elon Musk's pay package. Analyst Dan Ives has an Outperform rating on Tesla with a $275 price target and a bull case of $350 per share by 2025. Key upcoming catalysts include second-quarter deliveries and the August 8 robotaxi day.
The approval of Musk's pay package removes an overhang, and upcoming catalysts like Q2 deliveries and robotaxi day are expected to drive investor interest. The analyst's positive outlook and price targets suggest a likely short-term positive impact on Tesla's stock price.
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IMPORTANCE 90
RELEVANCE 100