Markets

‘We struggle to explain the run-up to the stock split’: RBC raises Tesla price target but still says the company is overvalued

RBC Capital Markets on Monday boosted its price target on shares of Tesla to $US290 from $US170 following the automaker’s stock split. Still, the firm maintains its “underweight” rating on shares of the automaker and said that it’s overvalued. “We recognise we underestimated a critical valuation point: seemingly insatiable investor […]
‘We struggle to explain the run-up to the stock split’: RBC raises Tesla price target but still says the company is overvalued
Markets

Tesla tumbles 10% as its scorching-hot rally takes a breather

Tesla shed as much as 10% Friday, pulling back on a searing rally that saw shares hit multiple all-time highs in recent weeks. Most recently, the stock’s gains have been driven by a blockbuster second-quarter earnings report and optimism that it may soon be included in the S&P 500. Despite […]
Tesla tumbles 10% as its scorching-hot rally takes a breather
Markets

Tesla reports 2nd quarter earnings Wednesday amid a searing stock rally. Here’s what 4 Wall Street analysts are talking about ahead of the report.

Tesla reports its highly anticipated second-quarter earnings on Wednesday after market close. The report comes after the automaker’s second-quarter vehicle delivery numbers beat Wall Street expectations. Investors and analysts will be closely watching to see if Tesla is able to pull off a profit this quarter. If it does, it […]
Tesla reports 2nd quarter earnings Wednesday amid a searing stock rally. Here’s what 4 Wall Street analysts are talking about ahead of the report.