Tesla's impressive automotive margin at 17.05 percent has led to multiple price target upgrades by analysts, reflecting strong performance and positive market sentiment.
Daiwa Securities raised its price target to $285 citing impressive Q3 results, emphasizing the potential of the Cybertruck and the 4680 battery program to further enhance margins.
CFRA's Garett Nelson increased his target to $225, acknowledging the surprise in Tesla's Q3 performance but cautioning about the sustainability of current gross margins.
The stock's recent surge over 25% indicates strong investor confidence, bolstered by Tesla's upcoming plans for more affordable models.
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