Tesla could extend its massive rally this year with Elon Musk's EV price war clearly stoking up demand, Wedbush says
's stock has rallied an eye-popping 58% so far in 2023, and it could power even higher as price cuts unveiled by the electric-vehicle maker help boost sales, according to Wedbush Securities.
"The Model Y/3 price cuts implemented early in 2023 have paid major dividends for [CEO Elon] Musk and co. as demand appears very solid despite an uncertain macro," he wrote in a research note published Sunday.
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