Robert W. Baird Keeps Their Hold Rating on Tesla (TSLA)
In a report released today, Ben Kallo from Robert W. Baird reiterated a Hold rating on Tesla (TSLA – Research Report), with a price target of $320.00. The company's shares opened today at $342.70.
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According to TipRanks, Kallo is an analyst with an average return of -1.6% and a 43.26% success rate. Kallo covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Rivian Automotive, and QuantumScape.
Tesla has an analyst consensus of Hold, with a price target consensus of $287.00, which is a -16.25% downside from current levels. In a report released on June 20, Barclays also maintained a Hold rating on the stock with a $275.00 price target.
TSLA market cap is currently $1121.5B and has a P/E ratio of 187.24.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Xiaotong Zhu, the SVP, APAC of TSLA sold 15,000.00 shares for a total of $4,857,000.00.
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CTV News
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Tourism Minister Spencer Chandra Herbert defended the cost to taxpayers, saying that the province had to "spend a penny to make a pound" and that it couldn't ask for a better tourism advertisement for all of B.C. Herbert said the World Cup was the "first step" for B.C. to market itself as a safe destination for tourists, who would then visit other parts of the province like Vancouver Island and the B.C. Interior. "I think, sometimes, you have to spend a penny to make a pound, so to speak," Herbert said. "And I think in this case, if you're looking at spending $85 [million] to $145 million in net core cost for the province ... then you [must] bear that out with the growth in tourism and the growth in interest and investment."
