TESLA TECHNICAL ANALYSIS & TODAY’S MARKET UPDATES - TESLA NEWS
TESLA: NEWS & TECHNICAL analysis Goldman Sachs Remains Bullish on Tesla After Meeting Electric vehicle maker, Tesla (NASDAQ:TSLA) is trading up in pre-market on Tuesday following a note by a Goldman Sachs analyst. The analyst reiterated a Buy rating and $333.33 price target on TSLA after meeting with the company’s VP of Investor Relations, Martin Viecha. Tesla believes that consumers will increasingly move toward EVs, even as it is too soon to quantify the effects of the newly signed Inflation Reduction Act (IRA). The analyst believes that consumers will be attracted to electric vehicles in the same way they were attracted towards other technology inflections (e.g. CRT to LCD TVs, and feature phones to smartphones). However, the EV industry could be supply-constrained over the intermediate term as new battery/component supply and assembly take time to ramp up. Software and services, especially FSD, remain a key focus for the company as they continue to deve...