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Benzinga

Business

Shanthi Rexaline

Why This Bullish Tesla Analyst Is Reducing Their Price Target

Tesla Inc. Jefferies Nasdaq Giga Berlin Giga Shanghai

Tesla, Inc. (NASDAQ:TSLA) shares have pulled back notably from their all-time highs in a marketwide downturn. An analyst at Jefferies is weighing in on the company's fundamental prospects and the external factors impacting its business.

The Tesla Analyst: Mark Philippe Houchois maintained a Buy rating on Tesla and reduced the price target from $1,400 to $1,250.

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