Tesla is in the lime light with its hot stock
(NASDAQ:TSLA). A
turnaround is expected driven by a couple of key catalysts and stronger demand.
Elon Musk has pledged to reward the shareholders' faith and set his sight on the upcoming
'Master Plan 4', while the stock goes through a lean patch. However, Tesla's ongoing
lawsuits with a battery supplier, concerns over Musk's pay package and market apprehensions are exerting pressure on the shares. Notwithstanding the current slump, the company bagged
positive overlooks from Barclays and Morgan Stanley. With explosive
growth in its business,
advertising is being considered a potent catalyst for Tesla. Famous investor
Cathie Wood is holding firm to her hefty $2,600 price target despite the present challenges, while the
Chinese market shows downward sales registration. Despite hurdles, Musk's massive pay package was approved by shareholders, fuelling speculation of Tesla returning to being a $1 trillion company. Tesla's
value forecasts by ARK and Morgan Stanley build positive sentiment, however, mixed reactions from market players and regulatory bodies indicate
volatility ahead. Tesla shares are under pressure despite the company's resilience.
Tesla TSLA News Analytics from Wed, 24 Jan 2024 08:00:00 GMT to Sun, 23 Jun 2024 21:43:09 GMT -
Rating 0
- Innovation 4
- Information 7
- Rumor -4
