Wall Street analyst updates Tesla stock price

Electric vehicle manufacturer Tesla (NASDAQ: TSLA) has received a notable boost from Wall Street after Piper Sandler analyst Alex Potter raised his price target on the stock to $500, up from $400.The revision follows Potter’s recent trip to China, where he assessed the competitive landscape among EV manufacturers. Notably, Tesla shares have been under pressure in recent months, weighed down by rising competition from lower-cost Chinese EV makers.Potter noted that while Chinese automakers pose strong competi ...