The Clap
Tesla (NASDAQ:TSLA) stock, which were trading at a 52-week low, saw their shares spike some 8% after a Citi (NYSE: C) analyst upgraded the stock’s outlook.
What
The analyst believes the stock’s year-to-date drop has brought it at a level where the “near-term risk/reward is balanced”.
So what
Tesla’s stock has also been on the downfall after its CEO Elon Musk’s attention has been mostly on his newly acquired company Twitter.
Now what
Citi’s analyst says the now-neutral stock outlook can turn bullish if the company’s full self-driving service’s progress picks up, & it starts seeing better margins on its auto sales.
