"Shares of Tesla Inc. (NASDAQ:TSLA) surged 21.15% over the past five trading sessions after gaining 7.23% the five prior. That has finally pushed the stock into the green on the year with an 11.36% gain. Still, from its year-to-date high on Jan. 15, TSLA is down 1.33%, and since hitting its all-time high on Dec. 17, 2024, the stock has fallen 12.08%."
"Goldman Sachs raised its price target on TSLA to $315 from $285 while maintaining a "Neutral" rating. Benchmark raised its price target on TSLA to $475 from $350 while maintaining a "Buy" rating following the successful launch of Tesla's robotaxi business in Austin. UBS raised its price target on TSLA to $215 from $190 but maintained its "Sell" rating. Mizuho lowered its price target on TSLA to $375 from $390 while maintaining its "Outperform" rating."
Tesla shares rallied sharply over recent trading sessions, lifting the stock into positive year-to-date territory with an 11.36% gain. The stock remains 1.33% below its Jan. 15 year-to-date high and 12.08% below its Dec. 17, 2024 all-time high. Q2 results showed revenue down 12% YoY, EPS down 23% YoY, operating income down 42% YoY, and vehicle deliveries falling 14% to 384,122. The India launch in mid-July produced only 600 orders. Analysts revised price targets across the board, with divergent ratings ranging from Buy to Sell after developments including a robotaxi launch in Austin.
Read at 24/7 Wall St.
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