Monday, 11 July 2022 05:21

Analysts have very different views on Tesla's prospects

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Elon Musk on Friday backed away from his $44 billion takeover proposal for Twitter.

Twitter announced the lawsuit, sending its shares down six percent in after-hours trading on Friday. Tesla shares are up ten percent in the last seven days, but forecasts are very different.

Deutsche Bank believes their price is still attractive despite supply chain issues, raising their price target to $1,125.

Analysts at JPMorgan think otherwise, lowering their price target to $385, as inflation reportedly erodes Tesla's profits significantly.

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