Tesla Stock Could Hit $400 Over the Next 12 Months, Says Analyst
September 22 2022 - 03:21PM
TipRanks
2023 is already on the horizon and set to be a big year for Tesla
(TSLA). There is the potential launch of both the Cybertruck and
Semi to look forward too, as the entry into new segments could
provide a real boon. However, it is the large “potential cost
benefits” from two different sources which Deutsche Bank’s Emmanuel
Rosner believes could have a big impact on gross margins. “Looking
ahead to next year, we now forecast Tesla could lift gross margin
by another 300bps YoY, thanks to positive mix shift towards lower
COGS-production facilities and benefit from IRA’s battery
production credits in the U.S,” Rosner explained.
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