Baird sees the landscape for both electric vehicles and renewables as more challenging in the near future due to uncertainty regarding the Inflation Reduction Act and growth in 2025. The firm remains a buyer of Tesla (TSLA) particularly on pullbacks. Baird has an Outperform rating and $280 price target on the shares.
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Read More on TSLA:
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- QQQ ETF Update, 12/18/2024
- Nissan and Honda Explore Potential Merger to Strengthen EV Position
- ‘Strike While the Iron Is Hot,’ Says Analyst About Tesla Stock
- Magnificent Seven Stocks Have Become the Safe Bet amid Market Uncertainty
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
