Tesla (NASDAQ: TSLA) just scored two new buy recommendations.
Wall Street finally realizes that Tesla is one of the biggest beneficiaries of the Inflation Reduction Act.
That’s because Tesla dominates the EV market. In fact, 75% of EVs sold in America are Tesla Models.
Founder Elon Musk plans to continue crushing the competition in the years ahead. And that’s why he’s quietly preparing what he calls…
Tesla’s Secret Master Plan 3.0
This CONFIDENTIAL plan will reveal exactly HOW Tesla plans ahead of the competition. Plus, I’d like to show you the undiscovered stocks to BUY NOW (not including TSLA).
On Tuesday analysts at both Goldman Sachs and Wolfe Research issued glowing recommendations of Tesla. Both firms raised their share price target on the stock (keep reading for details on their recommendations and price targets).
TSLA stock rallied 1.6% on the news – while the NASDAQ dropped 0.7% for the day.
Inside Goldman Sachs’ Buy Recommendation
Goldman Sachs (NYSE: GS) says the stock is a BUY despite the recent rally in the stock.
Share Price Target: $333.33
Upside Potential: 21%
The firm says that there are three reasons to be bullish on Tesla.
- Inflation Reduction Act provides incentives for American made EVs – including up to a $7,500 tax credit with the purchase of a new Tesla
- The cost to produce a Tesla is falling as the company benefits from expanded production capacity in Texas and Berlin
- Strong consumer demand will allow Tesla to raise prices – growing revenues and profit margins
“We believe that Tesla, given its leadership position in EVs (including its vertical integration and tight coupling of hardware and software, as well as its ecosystem of charging stations and brand)…is well positioned to capitalize on the long-term shift to EVs,” commented analyst Mark Delaney.
Wolfe Research Gives Tesla a $360 Target
Tesla shares had been rated a HOLD by Wolfe Research.
However, the firm just upgraded TSLA shares to an Outperform with a healthy share price target.
Share Price Target: $360
Upside Potential: 31%
The upgrade coincides with the firm’s brighter outlook on electric vehicles.
Specifically, Wolfe now expects that EVs will make up 20% of new car sales by 2025. The firm expects that the Inflation Reduction Act will provide a continued tailwind for EV makers – with Tesla being the biggest winner.
Tesla’s Secret Master Plan 3.0 (revealed)
Goldman and Wolfe are finally getting the picture.
EVs are an unstoppable growth trend.
Consumers want to build EVs. The automakers – including General Motors (NYSE: GM) and Ford (NYSE: F) are thrilled to build EVs. And they even support California’s 100% EV mandate.
Yet Tesla will continue to be the world’s #1 producer. Sure, Tesla’s market share may continue to drop over time. That’s completely likely – and expected. Consider that Tesla had a 100% market share when they began producing the Roaster in 2006.
Today the company has sold a total of 3 million car – and sells 3/4th the EVs in America.
However, the company will continue to capture a very sizable share of a rapidly growing market.
Musk is on a mission to produce 20 million EVs per year by 2030 – up from 936,000 last year.
The biggest risk to Tesla – and every other automaker – is access to batteries and the battery metals that power every EV.
That’s why I’m expecting a complete bombshell when Elon Musk Reveals…
The Secret Master Plan 3.0.
NOBODY is talking about this on Wall Street or Silicon Valley. Yet Elon Musk is leaking important details on Twitter, at a recent Tesla team meeting, on a recent investor call and even at conference in Norway.
That’s why it’s critical that you ACT NOW – and get positioned for the next big news from Elon Musk.
I’ve spent the last few months putting together the pieces. And now I’m prepared to share everything with you.
Yours in Wealth,