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Interestingly, despite these upgrades, some firms like Morgan Stanley are merely maintaining their $310 price target, citing Tesla as a "Top Pick" rather than increasing their valuation further. This strategic conservatism might mask even more optimistic forecasts ahead, especially if Tesla continues hitting key milestones.
Market Sentiment and Notable Analysts’ Positions
For investors like Fred Lamber, who recently sold Tesla shares before the earnings report, the current developments might be a source of regret. He likely exited around $220-$230 per share, just before a substantial rise. On the other hand, analysts such as Dan Ives remain highly bullish, with a price target of $300, primarily driven by Tesla's autonomous vehicle and AI initiatives.