Tesla: Future-Focused Investors Drive Stock Growth Despite Weak Q4
Tesla's tech-focused approach has investors looking beyond its recent earnings results. Despite a "messy" Q4, analysts note strong investor sentiment driven by optimism about future growth prospects.
Wall Street's Mixed Sentiment
Analysts' average price target for Tesla (TSLA) is $374, below Wednesday's close. However, analysts remain bullish, with many issuing "Buy" ratings.
Bank of America
Analysts at Bank of America maintain a neutral rating but assign a price target of $490. They note positive investor sentiment and recognize the potential upside, albeit with execution risk.
UBS
UBS analysts view Tesla as an AI company rather than an automaker. They raised their price target but maintain a "Sell" rating, citing valuation concerns.
Market Performance
Tesla stock has recently gained over 2%, trading just below $400. Over the past year, its value has more than doubled.