TSLA, a crazy bull!

https://www.investing.com/analysis/is-tesla-a-buy-or-a-sell-in-2021-200548324

 

As Tesla’s faithful investors reap the benefit of their belief in Musk’s vision, the big question for 2021 is how one should trade this stock going forward? The analysts’ community is divided. 

Among the 23 analysts covering the stock, eight have a 'buy' rating, eight 'hold' and six 'underperform.' The average 12-month target for the next 12 months is $389.79, a significant correction from its current price of $655.90.

Jefferies, while downgrading Tesla to ‘hold’ from ‘buy’ last week, said it’s skeptical that Tesla can one day rule the auto industry.

In a note to clients, Jefferies analyst Philippe Houchois said:

“We don’t believe that Tesla can dominate the industry given the latter’s size, structure and politics. Nevertheless, the multiple challenges to the industry business model ensure a durable competitive edge, with a ‘messianic’ brand reaching far beyond autos, from battery supply to grid storage and autonomous driving.”

While downgrading the stock, Jefferies raised its 12-month price target on Tesla to $650 from $500.