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Tesla's (TSLA) Musk Promises $25,000 EV in 3 Years, Aims to Slash Battery Costs and Phase Out Cobalt

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RBC Capital Reiterates Underperform Rating on Tesla (TSLA) Following Battery Day

September 23, 2020 7:16 AM EDT

RBC Capital analyst Joseph Spak reiterated an Underperform rating and $290.00 price target on Tesla (NASDAQ: TSLA) following the company's battery day. Overall, Spak believes Teslas long-awaited battery day disappointed elevated expectations, as it highlighted some near-term stagnation in the price reduction of current... More