Tesla: Use Any Stock Weakness to Snap Up Shares, Says Analyst

When it came to deliveries, Telsa (TSLA) delivered. Last week, the electric car maker announced that quarterly deliveries hit a new record.As a result, Deutsche Bank analyst Emmanuel Rosner bumped up his Q3 revenue forecast from $8.2 billion to $8.5 billion, and believes deliveries for the full year will be higher than he originally expected.It should be noted that following the company’s Battery Day event, the analyst upgraded the rating to Buy, recommending that investors “use any deliveries-related stock weakness to accumulate Tesla shares ahead of significant growth acceleration in Q4 and 2021.”Expounding on the company’s prospects, Rosner commented, “Expectations …read more

Source:: Yahoo Finance

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