Tesla, Inc. (NASDAQ:TSLA) is one of the best automotive stocks to buy according to hedge funds. Piper Sandler analyst Alexander Potter maintained a Buy rating on Tesla, Inc. (NASDAQ:TSLA) on August 29, setting a price target of $400.00.
The stock also received a Buy rating from Morgan Stanley’s Adam Jonas in a report issued on August 26. However, GLJ Research reiterated a Sell rating on Tesla, Inc. on August 21.
Tesla, Inc. reported on July 2 that it produced over 410,000 vehicles in Q2, delivering more than 384,000 vehicles and deploying 9.6 GWh of energy storage products.
Tesla, Inc. designs, manufactures, and sells high-performance electric vehicles and energy generation and storage systems. It operates through two segments: energy generation and storage, and automotive.
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This article is originally published at Insider Monkey.
