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BTCC / BTCC Square / Global Cryptocurrency /
TD Cowen Raises Tesla Price Target by 36% on Strong Q3 Performance

TD Cowen Raises Tesla Price Target by 36% on Strong Q3 Performance

Author:
Global Cryptocurrency
Published:
2025-10-09 21:21:02
21
2
BTCCSquare news:

TD Cowen analyst Itay Michaeli lifted Tesla's price target to $509 from $374, maintaining a Buy rating after the EV Maker surpassed Q3 delivery expectations. The revision reflects confidence in Tesla's long-term growth, fueled by federal tax credit expiration-driven demand and progress in autonomous vehicles and AI.

Michaeli highlighted CEO Elon Musk's compensation proposal as a catalyst, reinforcing Tesla's product roadmap. Despite broader EV market pressures, the analyst sees muted 2026 expectations as creating upside potential. Earnings estimates for 2025 were modestly increased following the delivery beat.

|Square

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