Analyst revises Tesla stock price as’ policy changes present headwinds’ to EV sales
A Wall Street analyst is projecting that the electric vehicle (EV) sector will likely face short-term headwinds due to possible policy changes but foresees industry giant Tesla (NASDAQ: TSLA) remaining resilient.
This projection comes as Tesla seeks to claim the $400 resistance level. By press time, the stock was trading at $389.79, closing the latest trading session up 0.15%. In pre-market trading on December 10, the TSLA is up 0.84%, trading at $393.
Now, Morgan Stanley’s (NYSE: MS) Adam Jonas has raised Tesla’s price target to $400 from $310, maintaining an ‘Overweight’ rating.
Jonas highlighted that while possible policy changes present near-term challenges,…
