Tesla’s Price Target Raised to $400 at Deutsche Bank 
<p>Deutsche Bank analysts provided their views on <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla, Inc. (NASDAQ:TSLA)</a>, raising their price target to $400 from $375.</p>
<p>The analysts boosted their 2023 gross margin estimates for the company as they perform an analysis of the large potential cost benefits from the ramp-up of Berlin and Texas factories and the Inflation Reduction Act’s US battery production credits.</p>
<p>While the company’s gross margin improvement has slowed down this year, due to costs and inefficiencies from Covid-related lockdowns and ramping up new factories, the analysts believe Tesla is still on track to grow this metric in 2022. </p>
<p>More importantly, looking ahead to next year, the analysts now forecast Tesla could lift gross margin by another 300bps year-over-year, thanks to a positive mix shift towards lower COGS-production facilities and benefit from IRA’s battery production credits in the U.S.</p>

NASDAQ:TSLA