Barclays raised the firm’s price target on Tesla (TSLA) to $235 from $220 and keeps an Equal Weight rating on the shares. The company reported a “robust” gross margin beat in Q3 and a “broad strokes” guide to Q4 volume of 525,000-plus units as well as 20%-30% year-over-year growth in 2025, the analyst tells investors in a research note. The firm says that while Tesla’s autonomous vehicle pivot is “still a debate,” its “improving fundamentals” are appreciated.
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