Tesla (NASDAQ: TSLA) saw its price target reduced from $492 to $474 by Stifel analyst Stephen Gengaro, who maintained a “Buy” rating despite concerns over CEO Elon Musk’s political activities. Gengaro noted that while Tesla’s long-term vision includes a lower-priced vehicle and advancements in autonomous driving and robotics, consumer sentiment and sales could be impacted by Musk’s increasing political involvement.
As of the latest trading session, Tesla’s stock closed at $350.73, marking a 3% decline for the day. Over the past week, the stock has dropped approximately 10%.
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Tesla, Inc. is an American electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, Tesla designs and manufactures electric cars, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. The company’s mission is to accelerate the world’s transition to sustainable energy.
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