RBC Capital Upgrades Tesla Outlook on July 7, Bucking Analyst Consensus
TSLA•Tom Narayan at RBC Capital upgraded his outlook for Tesla on July 7, diverging from most recent analyst notes. This rare positive revision follows a wave of hold and sell ratings on the EV maker earlier in the month.
1. RBC Capital Upgrade
On July 7, Tom Narayan of RBC Capital raised his outlook on Tesla, shifting to a more positive stance after several weeks of neutral and negative analyst commentary on the EV maker.
2. Analyst Consensus Divergence
Most Wall Street firms have maintained hold or sell ratings on Tesla throughout early July, making RBC’s upgrade a notable deviation from the broader bearish sentiment toward the company’s valuation and growth outlook.
