Tesla Stock: Positives Outweigh Negatives and Merit New Price Target, Says Canaccord
Despite displays of dwindling car sales in its quarterly readouts this year, Tesla (NASDAQ:TSLA) shares have ultimately shaken off concerns about a lack of demand; the stock has moved into the green, showing year-to-date gains of 8%, with investors hoping the company’s AI/autonomous endeavors will provide the necessary uplift.
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Having wondered earlier in the year whether the stock was actually ripe for a downgrade, considering the shares’ trajectory, Canaccord analyst George Gianarikas now thinks keeping his Buy rating intact was a good…
