Tesla stock

Berenberg analyst Adrian Yanoshik turned bullish on Tesla Inc. on Monday, citing improved valuation as concerns that Chief Executive Elon Musk will be ...

The stock slumped 2.1% in premarket trading. "Tesla, in our view, could take market share at a gross margin that exceeds 25%," Yanoshik wrote. The electric vehicle maker's stock (TSLA) rose 0.3% in premarket trading, reversing from earlier losses of as much as 2.5%. While it has rocketed 64.6% since closing at a 2 1/2-year low of $108.10 on Jan. "Technical pressure from CEO Elon Musk's Twitter purchase and China disruption risks now appear to be loaded into the share price, while we think Tesla's 1 March investor day offers near-term catalyst potential." At the same time, Yanoshik backed away from his bullish call on General Motors Co.

While Tesla shares moved lower in the closing months of 2022 on several catalysts, including price cuts, Berenberg analysts said such moves are “an investment ...

[Saved Items](/members-admin/saved-items) Moreover, the analysts are more positive about valuation after shares lost roughly 65% in 2022 while Tesla’s upcoming Investor Day (March 01) offers a “near-term catalyst potential.” As Tesla’s Berlin and Austin plants ramp up, we expect production to replicate elements of Shanghai’s low-cost processes,” the analysts wrote in a client note.

Berenberg upgraded Tesla (TSLA) to a Buy rating from Hold on Monday on its view the electric vehicle stock is still attractive despite the 50% year-to-date ...

However, the overarching view is that TSLA can leverage its cost leadership in electric vehicles to aggressively expand its user base and over time generate a higher percentage of revenue from recurring/high-margin software and services. "With Tesla, there's also the ever present background risk of 'company specific' idiosyncratic and sentiment-related factors that can also swing this historically volatile name in both directions," noted Jonas. That’s part of a multi-year opportunity Yanoshik sees for TSLA improving efficiency in capital and labor.

Berenberg has upgraded Tesla to 'buy' from 'hold', pointing to "misguided pricing concerns" and a share price collapse since the bank's last update.

Tesla, in our view, could take market share at a gross margin that exceeds 25%." Berenberg said that after a price-led "blip" in 2023, it expects margins to recover as the production mix shifts away from Fremont, California, which suffers from high labour costs, an inefficient layout and dated equipment. Berenberg said Tesla’s price cuts are an "investment in growth" and reflect its cost leadership strategy.

(MT Newswires) -- Tesla (TSLA) has an average rating of Outperform and price targets ranging from $85 to $320, according to analysts polled by Capital IQ.

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