Operating costs were down about 7 percent last year, while automotive sales were up 13 percent and deliveries rose 50 percent. The company has a lock on the small, but growing battery electric vehicle market — and the bulls believe Tesla’s not about to lose it. His rating on the stock is neutral, however, with a price target of $800. It was having real problems producing cars on time. And according to critics, Tesla has long been overvalued, leaving the stock vulnerable if its financial results disappointed.

Source: New York Times February 04, 2020 20:03 UTC