Tesla Inc (TSLA)

[georgejjl]

Tesla Stock Rises for 11th Straight Session as Goldman Lifts Price Target

Tesla in Strong Position as EV Market Grows

Despite rising competition in the electric vehicle market, analysts have said that Tesla remains in an advantageous position in the industry thanks to its existing customer base, varied products from vehicles to software and charging technology, and its plans to release lower-cost models by next year.

Goldman analysts wrote Wednesday that a lower-cost model could have positive impacts on Tesla's market share. The analysts said their data suggests about half of the car buying market is at or below $30,000, and that a less-expensive vehicle could help Tesla be more competitive with Chinese competitors that offer cheaper electric vehicles.

The Goldman analysts pointed to Tesla's evolving self-driving software and its planned robotaxi launch next month as future growth areas, but said it would take time before the autonomous taxis were widely available or traditional Tesla vehicles are fully autonomous.

https://finance.yahoo.com/news/tesla-stock-rises-11th-straight-202554306.html

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