{"id":51189,"date":"2023-08-21T13:25:07","date_gmt":"2023-08-21T17:25:07","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/teslas-stock-jumps-5-after-baird-highlights-cybertruck-other-catalysts-for-the-year\/"},"modified":"2023-08-21T13:25:09","modified_gmt":"2023-08-21T17:25:09","slug":"teslas-stock-jumps-5-after-baird-highlights-cybertruck-other-catalysts-for-the-year","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=51189","title":{"rendered":"Tesla\u2019s stock jumps 5% after Baird highlights Cybertruck, other \u2018catalysts\u2019 for the year"},"content":{"rendered":"
\n

Tesla Inc.\u2019s stock rose more than 5% on Monday, on track to end a six-day losing streak, as Baird analyst Ben Kallo highlighted some positive developments ahead of the EV maker in the second half of the year, including the launch of the Cybertruck.<\/p>\n

Tesla shares
\n TSLA,
\n +5.72%<\/bg-quote>
\n have lost 15% this month, and have been on a mostly downward trajectory after the company\u2019s second-quarter earnings in mid-July. <\/p>\n

\n

Related:<\/strong> EV startup VinFast may be worth more than Ford and GM, but there\u2019s a catch<\/p>\n

Baird\u2019s Kallo said price cuts and their impact on margins will drive the narrative for the electric-vehicle maker in the second half. <\/p>\n

\u201cPotential upcoming catalysts for the stock include Cybertruck launch, a wider-scale adoption of [Full Self Driving, Tesla\u2019s suite of advanced driver assistance systems to navigate city streets], continued growth in the energy business, expanding into new markets, and a possible AI Day, among others,\u201d the analyst wrote in a note to clients about Tesla and other companies.<\/p>\n

Tesla last week announced cheaper versions of its luxury Model S sedans and Model X SUVs. <\/p>\n

Baird set an outperform rating on the stock, the equivalent of buy, and a $300 price target, representing an upside of about 32% over Monday\u2019s share price. <\/p>\n

The stock has gained 75% in the year to date, while the S&P 500
\n SPX,
\n +0.34%<\/bg-quote>
\n has gained around 14%. <\/p>\n

Don\u2019t miss:<\/strong> Ford is going all in on hybrids. Here\u2019s why.<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla Inc.\u2019s stock rose more than 5% on Monday, on track to end a six-day losing streak, as Baird analyst Ben Kallo highlighted some positive developments ahead of the EV maker in the second half of the year, including the launch of the Cybertruck. Tesla shares TSLA, +5.72% have lost 15% this month, and have […]<\/p>\n","protected":false},"author":1,"featured_media":51190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-51189","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nTesla\u2019s stock jumps 5% after Baird highlights Cybertruck, other \u2018catalysts\u2019 for the year | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Tesla Inc.\u2019s stock rose more than 5% on Monday, on track to end a six-day losing streak, as Baird analyst Ben Kallo highlighted some positive developments\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=51189\" \/>\n<meta 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