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Business:Investing

Tesla: will Elon Musk signal strength for China deliveries?

2021-07-21

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As Tesla gets set to report second quarter earnings, Dan Ives, head of tech research at Wedbush, tells IGTV that the analyst community will be hoping to hear from CEO Elon Musk about the future of its deliveries in China. Ives is bullish on Tesla amid the ‘green tidal wave’ with a price target of $1000 a share, more than 50% above the current share price.

Elsewhere, Apple remains Ives’ top pick in the tech sector, which he says is still a buy heading into earnings. Ives is also favourable towards cybersecurity and the cloud including the likes of Microsoft, DocuSign, Nice and Zscaler.

Any opinion, news, research, analysis, or other information does not constitute investment or trading advice.