Tesla stock had a tough first half of 2024, but Wall Street is eyeing a turnaround.
AdvertisementAfter a rocky stretch for Tesla stock and a lot of drama surrounding Elon Musk's legal battles, the electric-vehicle maker could finally be poised for a comeback, according to a chorus of Wall Street analysts.
Morgan Stanley reiterated its "overweight" rating on Tesla stock with a price target of $310, implying another 30% upside.
AdvertisementNelson added that Wall Street was focused on Tesla's Robotaxi, the full self-driving service Musk has teased for months and has said could be a "massive driver" of future growth.
Ives said that in the most bullish scenario, Tesla stock could rally to $400 by the end of the year, implying 63% upside from current levels.

'The worst is in the rear-view mirror': Why Wall Street thinks Tesla's comeback story is finally here