Deutsche Bank Raises Tesla TSLA Price Target to $500 from $400, Upgrades to Buy from Hold

by Eva Fox September 23, 2020

Deutsche Bank Raises Tesla TSLA Price Target to $500 from $400, Upgrades  to Buy from Hold

While some retail investors were unable to correctly interpret what Tesla presented at Battery Day, Deutsche Bank got the message. Analysts at Deutsche upgraded Tesla to buy from hold, lifting its price target 25% to $500 from $400.

The firm understood several very important aspects that add value to Tesla. While the California-based company won't be able to launch what was presented at Battery Day anytime soon, Tesla has presented a very impressive 10-year roadmap.

Tesla has made impressive progress in developing battery cells and production lines, also unveiling a plan for self-mining of lithium, building two factories (cathode and lithium), and many other fundamental points that will give the company a number of advantages in the future. Not to mention at $25,000 car within three years.

 



Everything that Tesla presented at Battery Day increased the investment firm's confidence in the manufacturer and gave confidence that the company's stock is a very valuable asset.

© 2020, Eva Fox. All rights reserved.

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This article is for informational purposes only. You should not construe any such information or other material as an investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by Eva Fox, Tesmanian, or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.

Eva Fox holds zero shares of Tesla, Inc., and currently (at the time of this article's publishing) holds zero options or securities in Tesla Inc. and/or its affiliates.




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