Tesla shares rise on Musk promise to launch cheaper EVs, autonomous vehicle
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JPMorgan on Tesla (TSLA): 'continue to recommend caution with regard to an investment in TSLA shares'
January 30, 2025 7:29 AM ESTJPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $135.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "Its not clear to us why Tesla shares traded as much as +5% higher in the aftermarket Wednesday, although we have some leading theories. Perhaps it was managements statement that it had identified an achievable path to becoming worth more than the worlds five most valuable companies taken together (i.e., more than the $14.8 trillion combined market capitalizations of Apple, Microsoft, NVIDIA, Amazon, & Alphabet). Or maybe it was managements belief that... More
