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Tesla (TSLA) Megapack business could be worth 'substantially more' than car business - analyst

February 29, 2024 8:33 AM EST

Analysts at RBC Capital believe Tesla's (NASDAQ: TSLA) Megapack utility-grade battery storage business could be worth substantially more than its standalone car business.

The firm, which has an Outperform rating and a $297 price target on Tesla, said the Elon Musk-led company... More