Tesla Target Price Raised Again, Even As Analysts Preach Caution

News Snapshot:

Tesla (TSLA) stock received another price-target increase Monday, following a slew of similar actions by firms last week after the EV giant reported record global deliveries. X Jefferies analyst Philippe Houchois hiked the firm's TSLA price target to 265, up from 185, Monday. That's about 3% below Tesla stock's Friday closing price of 274.43. Last week, numerous firms, including Goldman Sachs and JPMorgan, increased their price targets after Tesla deliveries jumped to 466,140 in the second quarter, sprinting past Q1's record 422,875 and Q4's 405,278. That easily beat estimates of around 445,000, according to FactSet. Jefferies also maintained a hold...