1 Wall Street Analyst Thinks Tesla Stock Is Going to $325. Is It a Buy Around $250?

Tesla (NASDAQ: TSLA) underwhelmed investors with its first-quarter results. Analysts already were aware that deliveries to start 2025 were 13% lower year over year. A drop in revenue and earnings per share were therefore expected as well. But actual results were still disappointing.Automotive revenue declined by 20% and an operating margin that was once the envy of the automotive industry tumbled. That led one Wall Street analyst to meaningfully lower his price target on the electric vehicle (EV) leader. Vijay Rakesh with Mizuho Securities shaved $50 off that price target and now feels the stock is worth $325 per share, according to reports.That still implies 30% upside from recent levels. Rakesh therefore thinks investors should still buy Tesla stock. That's because of some forward-looking news that came from the company's quarterly release.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool