Is Tesla Stock Going to $295? 1 Wall Street Analyst Thinks So.
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Deutsche Bank analyst Ed Yu has resumed coverage of Tesla (TSLA), rating it a buy with a price target 30% above its current level. Despite recent sales growth concerns, Tesla's plans to launch a more affordable model in 2025 and a 15% increase in Q2 deliveries suggest improving demand. Yu views Tesla as a technology platform, emphasizing its advancements in AI. For the stock to rebound, better revenue growth is essential, and if EV demand continues to rise, the stock could reach Yu's target within a year.
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