William Blair analyst Jed Dorsheimer keeps a Market Perform rating on Tesla (TSLA) after Elon Musk disclosed a purchase of nearly $1B for 2.56M shares on Friday, September 12. The purchase is a “clear signal of confidence from Musk,” the analyst tells investors in a research note. The firm says the market is looking through its margin concerns from the elimination of environmental tax credit revenue in the second half of this year. With Musk’s stock purchase and the “upward momentum” for delivery expectations and Tesla’s robotaxi rollout, William Blair is “becoming more bullish” on the stock. Tesla shares in premarket trading are up 5% to $416.10.
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