Tesla, Inc. (NASDAQ:TSLA) is one of the best stocks to invest in right now. On September 23, Mizuho raised the firm’s price target on Tesla, Inc. (NASDAQ:TSLA) to $450 from $375 while keeping an Outperform rating on the shares.
The firm told investors in a research note that it raised estimates in the autos space, reasoning that the US tariffs should have a minimal effect on new vehicle prices.
It added that the US electric vehicle sales in August rose 17% year-over-year as consumers look to cash in before the Inflation Reduction Act credits end.
Tesla, Inc. designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. However, it isn’t merely an automotive manufacturer; it also focuses on innovative technologies, including robotics and AI. The company has a humanoid robot line, Optimus, and an autonomous vehicle fleet, Cybercabs.
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This article is originally published at Insider Monkey.
