Tesla Stock Receives Price Target Increase Amid Weakness
TL;DR Summary
Mizuho analysts have raised their price target on Tesla shares to $300, up from $230, with a buy rating. They noted that while June auto sales were strong, the sector may face weakness ahead due to high prices, inventory builds, and softer demand. Despite losses on Friday and the previous session, Tesla shares are on track for a weekly gain of over 5%.
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