
Tesla Stock Is Trending Tuesday: What's Going On?

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Tesla Inc (TSLA) shares are trending ahead of its Q2 earnings report, expected to show earnings of 42 cents per share and revenue of $22.79 billion. Analysts express mixed sentiments; Wedbush's Dan Ives maintains an Outperform rating with a $500 target, focusing on Tesla's AI initiatives, while Goldman Sachs and Mizuho have cut their targets. Tesla shares rose 1.07% to $332.01, trading above key moving averages, but are down 18% year-to-date. The company's high P/E ratio reflects strong growth expectations, particularly in AI and robotics.
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