RBC Capital analyst Joseph Spak lowered the agency’s value goal on Tesla to $225 from $325 and retains an Outperform ranking on the shares. Tesla inventory will seemingly stay beneath stress as gross margin expectations re-calibrate, however as soon as this happens, Spak sees a compelling case for Tesla to drive earnings and free money move larger because the low price chief and leveraging opex, the analyst tells buyers in a analysis notice.
Revealed first on TheFly
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