Tesla stock is in a sharp downturn — off more than 18% this week and down 33% since hitting an all-time high in December. Benchmark analyst Mickey Legg initiated coverage of Tesla on Wednesday with a buy rating and a 475 price target, citing growth opportunities in autonomous vehicles and robotics along with energy storage. Legg added that "the release of more affordable Tesla models in 2025" is a "key catalyst for the stock."
Kit Norton is a Business Reporter at Yahoo Finance. He covers a range of themes including finance, trading, energy, and technology, with a focus on markets, ESG, business leaders, AI, and startups. Kit's insights and analyses have been featured in Yahoo Finance Singapore, Yahoo Finance, Investor's Business Daily, and Yahoo News.