Tesla Investors Advised to Wait Out Market Storm, Says RBC Analyst
In a recent discussion on CNBC's 'Closing Bell Overtime', RBC Capital Markets analyst Tom Narayan advises Tesla investors to remain patient amidst the company's market volatility. Despite a decline in year-over-year sales and the resulting drop in share price, Narayan remains optimistic about Tesla's long-term prospects. He suggests that increased competition, economic factors, and production challenges are temporary hurdles. RBC maintains an 'Outperform' rating with a price target of $305, highlighting Tesla's strong brand and technological leadership.
Jan 3