
Tesla, Inc's (NASDAQ:TSLA) stock received a string of price target cuts from sell-side analysts, who blamed their tempered expectations on the slow ramp-up of production at the Giga Shanghai plant. There now appears to be a break in the negative sentiment engulfing the stock.
What Happened: Tesla stock could rocket higher in 2022 as the bear-case scenario fades, Mizuho Securities analyst Vijay Rakesh said in a note on Tuesday, according to Tesmanian.