Brokerage sees several catalysts, including price reductions, driving second-half performance
) shares rose 4.5% on Monday, snapping a six-session losing streak, after brokerage Baird Equity Research added the stock to its “best ideas” list.
Tesla’s shares have risen about 85% so far this year on the back of growing sales despite a margin squeeze and hopes of wider adoption of its autonomous driving software. Tesla sparked a price war earlier this year and last week slashed prices of three models in China. It also launched a cheaper version of the Model S sedan and Model X SUV on Aug. 14 as it looks to stoke demand and grab a larger share of the market.
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