As Tesla Inc. shares were down 7% premarket Thursday in the wake of earnings, numerous analysts saw silver linings.
Narayan reiterated his outperform rating on Tesla shares, even as he acknowledged that consensus expectations for 2024 deliveries could come down before the next report. He cut his price target on the stock to $301 from $305. Potter added that he was “encouraged” by the margins for Tesla’s energy business. “As profit from Energy grows, investors may stop focusing so heavily on the car business,” he noted.
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