Bobby Harvey
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Bobby Harvey in Hot Wheels,

Why Tesla's China Situation May Be More Favorable Than Previously Imagined

Tesla Inc TSLA secured permission last month to construct a wholly-owned factory in Shanghai’s free trade zone, circumventing Chinese laws requiring foreign automakers to enter joint ventures with domestic partners.

However, it was seen to remain subject to a 25-percent import tariff. Now, even that hurdle seems to be collapsing.

The Analyst

Bernstein’s Toni Sacconaghi Jr. covers technology stocks including Apple Inc. AAPLInternational Business Machines Corp. IBM and Hewlett Packard Enterprise Co HPE.

The Rating

Bernstein reiterated a Market Perform rating on Tesla with a $265 price target.


Stochastics are oversold, The price will try to go up and reach the upper edge of the falling channel.