Tesla is also trading higher despite an earlier call from Morgan Stanley analyst Adam Jonas maintaining Tesla with an Overweight and lowering the price target from $350 to $330.
See Also: What To Watch On Tesla's Chart Following Bearish Earnings, Price Target Cut
What Else?
Tesla last week also reported third-quarter revenue of $21.45 billion, up 56% year-over-year. The total came in shy of analyst estimates of $21.96 billion. The company reported automotive revenue of $18.69 billion in the third quarter, up 55% year-over-year.
In the third quarter, Tesla reported record revenue, free cash flow and operating profits despite what the company called “material headwinds.”...Read More
According to data from Benzinga Pro, Tesla has a 52-week high of $414.50 and a 52-week low of $198.59.
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