Tesla stock climbs toward 8-month high after Jefferies boosts price target, profit view

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The Ratings Game

Published: Oct. 15, 2021 astatine 11:57 a.m. ET

Analyst Philippe Houchois says latest China income information puts to remainder concerns implicit demand

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Shares of Tesla Inc. kept their rally going Friday toward an eight-month high, aft Jefferies expert Philippe Houchois raised his terms people and net estimates, saying concerns implicit request successful the electrical conveyance leader’s cardinal China marketplace person present been enactment to rest.

And regarding worries astir the antagonistic effects of the planetary semiconductor shortage connected automobile production, Houchois said Tesla is amended positioned to woody with the shortage than its peers.

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