Tesla's (TSLA) price target was more than doubled by UBS, to $325 from $160, with kept a neutral rating. Analyst Patrick Hummel said Tesla's target was increased on expectations of raised volumes and margins and a higher AV/robotaxi opportunity value. Ahead of the Sept. 22 battery day, Hummel said he expects the "announcements to be significant, cementing Tesla's cost and technology lead for several more years." Tesla closed Thursday at $371.34.
-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 11, 2020 05:52 ET (09:52 GMT)
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