1 Wall Street Analyst Thinks Tesla Stock Is Going to $325. Is It a Buy Around $250?
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Tesla's first-quarter results disappointed investors, with a 20% decline in automotive revenue and a significant drop in operating margin. Analyst Vijay Rakesh from Mizuho Securities lowered his price target for Tesla stock to $325, suggesting a 30% upside from current levels and recommending a buy. Positive news includes plans for new lower-priced models and potential autonomous ride services by June. However, risks remain, including the withdrawal of the annual deliveries outlook and delays in product launches, warranting cautious investment.
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