Analyzing Tesla: More Future Growth Catalysts, Hedge Fund Sentiment and Analyst Ratings

Citi’s Itay Michaeli: SELL

On August 16, investment advisory Citi maintained a Sell rating on Tesla, Inc. (NASDAQ: TSLA) stock with a price target of $209. Itay Michaeli, an analyst at the firm, highlighted news reports about a probe into the autopilot system of the company and said the “more controversial approach to autopilot than peers” would lead to feature changes or a recall at the end of the investigation. The share price of the firm had dropped by 2% following the reports of the investigation regarding the autopilot.