7/27, 3:40 PM (Source: TeleTrader)
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BofA raises Tesla price objective

Bank of America Global Research raised Tesla's price objective from $750 to $800 on Tuesday.

The move comes a day after the electric carmaker reported better-than-expected results for the second quarter of 2021. The company said its revenue soared 98% year on year to $11.9 billion and earnings per share skyrocketed 920% to $1.02.

Tesla's stock declined 0.52% to $654.18 at 9:39 am ET.

Breaking the News / NP