cut prices dramatically this month in the U.S. and overseas. There’s no consensus on Wall Street on the effect on earnings or the price of the stock. One thing analysts do agree on is that Tesla will sell more cars.
Wednesday evening, Piper Sandler analyst Alexander Potter cut his price target on Tesla stock (ticker: TSLA) to $300 from $340, but kept a Buy rating. One reason he is still positive on shares is that with lower prices, Tesla can grow delivery volumes greater than 50% in 2023.