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Tesla Gains on Piper Sandler’s New Target But China-Made Sales Fall

February 15, 2022
Source: yahoo.com yahoo.com
News Snapshot:
By Dhirendra Tripathi Investing.com – Tesla stock (NASDAQ:TSLA) traded 3.8% higher Monday as Piper Sandler analyst Alexander E. Potter raised the price target to $1,350 from $1,300. The shares popped even as sales of the company’s China-made vehicles fell 15% month-on-month. The new price target is 51% higher than the stock’s current level of $892. Potter continues to be overweight on the stock. He said the brokerage is focusing on five key topics in assessing the stock -- namely deliveries, gross margin, operating expenditure, software and cash flow. He expects the world’s most valuable automaker to make 1.58 million deliveries...
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