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Wedbush Analysts Say 'Heart and Lungs' of Tesla's Sales Growth Intact in China

1. Tesla sales in Germany fell 60% in June, impacting year-to-date totals. 2. Political activity from Elon Musk has affected Tesla's demand this year. 3. Sales in China rose for the first time in eight months, signaling recovery. 4. Wedbush maintains $500 price target, emphasizing Tesla's self-driving technology. 5. Goldman Sachs raised Tesla's price target to $315 despite a neutral rating.

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FAQ

Why Neutral?

While sales declined in Germany, growth in China and optimistic future projections balance the impact.

How important is it?

The article highlights critical sales data and strategic insights, influencing investor sentiment.

Why Short Term?

Short-term fluctuations in sales can lead to temporary stock reactions; long-term viability remains intact.

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