Erste Group Upgrades Tesla to Hold
Rating
Hold
Price target
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Previous
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Upside at publication
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Erste Group analyst Hans Engel upgraded Tesla (NASDAQ: TSLA) from Sell to Hold.
“Tesla is focusing on maximum capacity utilization in all factories.
Series production of Cybercabs (robotaxis) and Tesla Semi (truck tractors) will start on schedule this year. On a positive note, the sales trend has improved and the operating margin has also risen.
The Group’s sales and profits will increase this year, supported by new products.
However, the very high valuation of the stock based on the P/E ratio severely limits the further potential for stock price growth.”
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The price target and rating on this page are the opinion of the issuing research firm and its analyst, not of Price Target. This page is published for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Past performance does not guarantee future results. Consider your own circumstances and consult a licensed financial adviser before making investment decisions.
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