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Tesla Price Target Hiked to $490. The Stock Is Falling.

1. Tesla stock fell 0.9% to $439.09 despite price target increase to $490. 2. Average price target rose to $347, up $33 this month. 3. Tesla shares gained 33% in September, best performance since November 2024. 4. Analysts recognize strong deliveries and AI opportunities fueling market sentiment. 5. Investors optimistic about potential new all-time highs approaching $520.

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FAQ

Why Neutral?

Despite the price target increase, the stock declined slightly. Historical patterns indicate mixed performance following analyst target resets.

How important is it?

The combination of a price target upgrade and strong monthly performance indicates potential volatility. However, market analysts note mixed short-term reactions.

Why Short Term?

Market reactions to analyst ratings affect TSLA's price in the short-term. However, the underlying growth drivers may influence longer-term trends.

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