Tesla gets a 33% price boost, but the stock is in danger of pulling a 5-day win streak

Tesla Inc. TSLA shares
+ 7.18%
Prepaid trading fell 2.7% on Wednesday, putting them on track to draw a 5-day win streak, even as Deutsche Bank analyst Emanuel Rosner raised his price target to 33%. The electric vehicle and battery manufacturer’s stock has gained 36.2% in the last five days, leading to a 34% bear-market return of 71.1% from the sept. Septe near 1 record $ 498.32. 8 closed lower of $ 331.21. Rosner raised his stock price target from $ 300 to $ 400, but reiterated his hold rating, as his new target is 11.1% below Tuesday’s closing price of $ 449.76. Rosner said Tesla could unveil “a new improved manufacturing system” to increase battery capacity, improve cell chemistry that enhances great performance, and its much-awaited battery set for the Sept 22 battery on Day. There is a sharp decline in the cost of. “Investors’ expectations for the event are high, we believe these announcements can fulfill many of them, and reinforce Tesla’s position as a technology leader,” said Rosner as a customer The note reads. “We believe investors’ ongoing enthusiasm for EV plays and the expected confirmation of technology leadership released by Tesla may continue to support its high valuations.” Tesla’s stock gained 437.6% on Tuesday. S&P 500 SPX, while traded
+ 0.52%
An increase of 5.3%.


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