Tesla bull expects another ‘volatile’ year for EV maker

[{"selector":"#anim-b924fc40-5c77-4da6-8321-5d970e51e3ac","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0d78a7e2-96c5-4e5a-9a51-9b17e3bfbad2","keyframes":{"transform":["rotate(-360deg) translate3d(112.08458%, 0px, 0) rotate(360deg)","rotate(-360deg) translate3d(0px, 0px, 0) rotate(360deg)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Analyst Adam Jonas maintains a bullish stance on Tesla despite challenges in the automotive sector and no major product launches in 2024.

Tesla's stock receives a buy rating with a $380 price target, indicating a 45% potential upside from current prices.

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Debate persists among investors regarding Tesla's identity as solely an auto company or a tech-driven entity,

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[{"selector":"#anim-f25ab341-01f5-4fa9-8135-8b2740b981e9","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9396616b-2497-44af-9e92-cebebbecb30a","keyframes":{"transform":["translate3d(114.55696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla's stock growth seems detached from traditional automotive metrics, with a disconnect between slashed 2024 earnings forecasts

[{"selector":"#anim-dd7b8aec-8ff6-4946-9e8a-88cb2507689a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3aed96cc-18b8-42a1-b917-5fc287708c9e","keyframes":{"transform":["translate3d(114.55696%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Anticipation of a tough year ahead for Tesla's core auto business aligns with slashed consensus earnings for 2024

[{"selector":"#anim-f4c3aae6-c51f-44a5-a842-356dbb34851d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c3e570f-4e6f-4e8b-90cf-30fa633121d9","keyframes":{"transform":["translate3d(115.92356%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite being labeled an auto company, Jonas asserts Tesla's broader scope, including AI

[{"selector":"#anim-817aa21e-34c1-48b7-807e-9cc7584b6a9b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-000a8b71-f3a5-4ead-975a-abdc3110992c","keyframes":{"transform":["translate3d(115.28663%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tesla's Cybertruck debut happened in 2024, but significant production isn't expected until 2025

[{"selector":"#anim-09196f2c-7307-440a-8341-84f4c229bd82","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4379189-df3b-4426-a5fa-c5a1c66ed71f","keyframes":{"transform":["translate3d(115.92356%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Competitors' reduced EV investments might favor Tesla's market share growth, particularly outside China

Tesla bull expects another ‘volatile’ year for EV maker

Tesla's stock receives a buy rating with a $380 price target, indicating a 45% potential upside from current prices.

Debate persists among investors regarding Tesla's identity as solely an auto company or a tech-driven entity,

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