Tesla (TSLA) PT Raised to $225 at BofA Securities; results 'better than feared'

BofA Securities analyst John Murphy raised the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $220.00) while maintaining a Neutral rating.

"We reiterate our Neutral rating on Tesla. The company’s 1Q:23 performance was better than feared, EV demand continues to grow, and TSLA has ongoing access to relatively low-cost capital (internally & externally) to support future growth. That said, this is balanced by concerns of increased EV competition, further price cuts, and macro challenges."

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