UBS just raised its Tesla price target and called the risk/reward tactically favorable, but the same stock lost 32% in 30 days after one bad earnings report. Here is what the bull case actually rests on.
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UBS analyst Joseph Spak raised his price target on Tesla (NASDAQ:TSLA | TSLA Price Prediction) to $391, according to UBS from $385, according to UBS and kept his Buy rating. The argument behind the modest bump carries the weight. Tesla shares trade at $378.02, down 16.6% over the past year and 15.94% year to date. They are also up 7.14% over the past week and 6.76% over the past month. Spak is…
