Citi analyst Itay Michaeli upgraded Tesla Inc (NASDAQ:TSLA) to Neutral from Sell with a price target of $176. Michaeli sees around 4% decline in the stock and has an accuracy rate of 53%.

Analyst predicated the action on the year-to-date pullback that has balanced out near-term risk/reward.

During October, Tesla reported third quarter revenue of $21.45 billion, up 56% year-over-year. However, the total came in below analysts' estimates of $21.96 billion.

Tesla shares gained 7.8% to close at $183.20 on Wednesday, adding another 0.9% in the after-hours trading session.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the electric-vehicle maker in the recent period.