Having created a huge demand without any new models lined up for near-term launch could create difficult business conditions for Tesla, said Bernstein research analyst Toni Sacconaghi.
The analyst, speaking in an interview with CNBC, stated that Tesla’s stock is “very difficult” to predict in the short term and that the upcoming numbers won’t look great. Tesla’s share price has been rallying since May, and is currently hovering around the $280 mark (as of July 3, 2023), while its market cap is $880 billion as of this date. Bernstein forecasts that the target stock price is $150.
