Tesla’s Price Target Raised at BofA Securities 
<p>BofA Securities analysts maintained their Neutral rating on <a href='https://financialmodelingprep.com/financial-summary/TSLA'>Tesla (NASDAQ:TSLA)</a> but raised their price target to $300 from $225. The adjustment is based on improved conditions for auto suppliers, who are experiencing higher volumes and lower costs in 2023. </p>
<p>Volumes in Europe have exceeded expectations, while China's volumes have generally met expectations despite being slower. Additionally, raw material and freight costs have decreased, which is expected to positively impact near-term earnings. However, it is important to note that optimal conditions are still anticipated to be achieved between 2024 and 2026, making this a long-term investment opportunity.</p>
<p>The analysts expect strong Q2 results (scheduled on July 24) and improved outlooks for the year, particularly from suppliers. The automotive industry is signaling the end of a downward phase in the cycle, making it a potentially favorable time for investment.</p>

NASDAQ:TSLA