Wedbush raised the firm’s price target on Tesla (TSLA) to $350 from $315 and keeps an Outperform rating on the shares following quarterly results. The firm says “last night was a pivotal conference call for Musk to turn the corner from this dark chapter” as Q1 numbers ended a disaster quarter in which deliveries were very soft and Tesla missed the Street on basically every metric. More important than numbers, Wedbush says this was the time Musk could pivot, speak to shareholders/employees, and take a turn away from the DOGE/Trump White House and recommit as CEO of Tesla, and he did it “loudly and clearly” in a conference call that the firm views as a turning point in the Tesla story.
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