in the market, the market outperformed on Tuesday, a day before the company released its second quarter results. “The valuation of the company is now slightly above the price target of $ 1,500 that we set recently, and we believe that any mid-term success that Tesla may discuss in its earnings call tomorrow is now reflected in the price. action, ”Osha wrote. “We continue to believe that Tesla can become a $ 100 billion automaker by 2025, but we cannot come up with a reasonable basis to say the stock should be priced above current levels, even given of our fundamental perspectives. He said there was room for consensus margin expectations in the second quarter, but also argued that “investors face challenges getting additional returns from here. Osha removed its price target in conjunction with the downgrade. Tesla shares are up 0.8% in pre-market trading on Tuesday and stocks are up 64% in the past month, the S&P 500 SPX,
increased by about 5%.