Unlike yesterday’s ritualistic(and symbolic) suicide by dozens of sellside analysts who lost all credibility holding on to a buy rating into the second consecutive NFLX implosion, this morning’s Tesla post-mortem is a decidedly more pleasant affair for the sellside: Tesla stock is 8% higher in premarket trading, with electric-vehicle peers also rising, after TSLA posted record first-quarter profit that beat estimates. With a few notable exceptions, Wall Street firms praised the company’s robust demand and confident outlook despite supply-chain issues.
Analyst Commentary
Wells Fargo, Colin Langan (equal weight, PT $910) “Once again, higher pricing and leverage of labor […]
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