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Wells Fargo Remains Sidelined Ahead of Tesla’s (TSLA) 3Q Report

October 14, 2022 8:59 AM EDT

Wells Fargo reiterated an equal weight rating on Tesla (NASDAQ: TSLA) and lowered their price target to $230.00 (from $280.00) ahead of the electric vehicle makers 3Q earnings release. The company is scheduled to report 3Q EPS after the close of market on October 19th.

Analyst Colin Langan expects Tesla to beat 3Q estimates as the benefit of pricing will likely be offset by FX... More