BofA raises Tesla price objective

Tuesday, 27. July 2021 15:40

Bank of America Global Research raised Tesla's price objective from $750 to $800 on Tuesday.

The move comes a day after the electric carmaker reported better-than-expected results for the second quarter of 2021. The company said its revenue soared 98% year on year to $11.9 billion and earnings per share skyrocketed 920% to $1.02.

Tesla's stock declined 0.52% to $654.18 at 9:39 am ET.

Related Links: Tesla Inc.
Breaking the News / NP