New Stock Price Target For Tesla!

New stock price target for Tesla! The electric vehicle manufacturer plans to enter the power generation and storage sector.

US electric vehicle manufacturer Tesla is preparing to enter the trillion-dollar power generation and storage sector. Canaccord Geunity's Jed Dorsheimer revised his recommendation for Tesla shares from keep to buy, and noted that the power generation and storage unit could generate $ 8 billion in revenue by 2025. Dorsheimer sent a note to his customers. He said, "Tesla aims to be the only brand in the energy storage industry by creating an Apple-like energy generation ecosystem," and set the target price for the stock at $ 1,071. According to Dorsheimer, Tesla is in partnership with Panasonic and has signed a supply agreement with LG, including its facility in Fremont, to meet battery demand. According to the information obtained, the company will be able to meet the demand for the Powerwall energy storage facility, which is usually paired with solar panels, when supply restrictions begin to stretch. Dorsheimer's target company value price and net debt estimate is 63 times the company's estimated earnings in 2024. Ark Invest Management, owned by Cathie Woods, estimates that Tesla stock will be $ 3,000 by 2025.