Here's How Tesla (TSLA) Plans to Boost Sales in Canada
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With this perk, owners can charge their vehicles for free at any Tesla-owned Supercharger station across Canada and North America. As a result, this could lead to thousands of dollars in savings over the lifetime of the vehicle, particularly for drivers who drive often or those who don't have access to home charging. In addition to the cost benefits, Tesla's Supercharger network is known for being reliable and widespread, making this offer even more attractive for daily commuters and long-distance travelers.
However, unlike Tesla's early free Supercharging deals, the benefit cannot be transferred to a new owner if the vehicle is sold. Still, the offer is also extended to demo vehicles classified as new inventory, thereby giving buyers a bit more flexibility when choosing a qualifying car. This promotion comes as the company tries to reverse the sales decline it has seen so far this year.
What Is the Prediction for Tesla Stock?
Turning to Wall Street, analysts have a Hold consensus rating on TSLA stock based on 14 Buys, 15 Holds, and eight Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average TSLA price target of $307.23 per share implies 7.1% downside risk.
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