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Tesla Sank 15% on Its Q2 Miss. Wall Street's Average Price Target Now Implies 29% Upside.
['Daniel Sparks', 'The Motley Fool', 'July', 'Min Read']
Yahoo Finance
The average analyst price target on the stock sits near $412 as of this writing, about 29% above Thursday's close.
For every dollar of record revenue, barely a penny reached operating profit.
In short, Tesla delivered record second-quarter volume and record revenue, and almost none of it reached operating profit.
What the 29% of upside is made ofNow back to that $412 average price target.
A price target is a model's output.