Tesla leads November's global market value surge

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Bernstein SocGen Group Reiterates Underperform Rating on Tesla (TSLA)

December 4, 2024 6:54 AM EST

Bernstein SocGen Group analyst Toni Sacconaghi reiterated an Underperform rating and $120.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "A key strategic question is why Tesla is focusing on a dedicated Cybercab, instead of prioritizing building more general-purpose personal vehicles with self-driving capabilities. We believe that doing so is a bet the farm decision and sacrifices a great deal of optionality. In order for the dedicated... More