Potter has an overweight rating on Tesla shares and a target price of $500, which implies a gain of about 15% over the next 12 months. But “without new disclosure, we fear investors may refocus on declining near-term estimates,” Potter wrote.

The Big Tech earnings reporting season kicked off this afternoon with Meta, Microsoft and Tesla releasing quarterly results after the closing bell. Follow our live coverage here.

Wells Fargo, meanwhile, sees limited impact to First Solar from Tesla’s plans to scale solar given its cost advantage and pricing power. ・Other U.S. manufacturers including Canadian Solar face more risk,

Tesla shares aren't cheap, but the stock is worth a look by investors aiming to potentially compound $500.

After subtracting the sale of credits and digital assets, Tesla booked just $2.28 billion in "bedrock," repeatable earnings.