Tesla (NASDAQ:TSLA) received a vote of confidence from Wedbush analysts ahead of the company’s release of its fourth quarter and full-year 2023 delivery report. In a note, Wedbush analysts reiterated an “Outperform” rating and $350 price target for TSLA stock.
It is the final week of the fourth quarter and 2023 as a whole, and Wedbush analysts estimate that Tesla is well on its way toward hitting its ambitious goal of delivering 1.8 million cars this year. The analysts estimate that Tesla is tracking a bit ahead of 480,000 deliveries for the fourth quarter.
The analysts took note of Tesla’s prices, which have generally stabilized in recent months. Tesla has also implemented a series of strategic price increases in critical markets such as China. This trend should be quite reassuring for Tesla bulls following the challenges of 2023, as…
