Tesla Q2 Preview: All The Negative News Does Not Affect My Bullish View

Summary:

  • I upgraded Tesla, Inc. stock to “Strong Buy” in May 2024, and the stock price has surged by over 32% since then.
  • Challenges include declining production/deliveries and delay of the Robotaxi event.
  • Given confidence in Tesla’s FSD technology, I am reiterating “Strong Buy” with a one-year target price of $295 per share.

UK, York, People charging their electric cars at charging station

Monty Rakusen

I upgraded Tesla, Inc. (NASDAQ:TSLA) to “Strong Buy” in my previous coverage published in May 2024, highlighting its growth opportunities in the full self-driving (FSD). Since then, the stock price has surged by more than 32%. The company is


Analyst’s Disclosure: I/we have a beneficial long position in the shares of TSLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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