1 Wall Street Analyst Thinks Tesla Stock Is Going to $388. Is It a Buy Around $260?

Tesla (NASDAQ: TSLA) has a lot of moving parts. It's not just an electric vehicle (EV) maker. It has a growing energy storage business, a robotics arm, and enough data and artificial intelligence (AI) assets to begin making fully self-driving vehicles later this year.A busy, vocal, and sometimes controversial CEO also can add to the stock's volatility. The stock has lost 35% so far this year, most of which has come since Tesla reported its fourth-quarter and full-year earnings on Jan. 29.But one Wall Street analyst thinks the stock has dropped far enough. TD Cowen analyst Itay Michaeli just upgraded that firm's rating on Tesla stock to a "buy" and provided a massive price target increase from $180 to $388 per share, reports Barron's.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool