EV maker Tesla (NASDAQ:TSLA) has jacked up vehicle prices across major markets, according to Reuters.
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The price increases across the U.S., Japan, Canada, and China come after the company scaled back vehicle prices only at the beginning of 2023. Nonetheless, prices still remain lower than January levels.
According to Reuters, the company has pivoted to real-time pricing and is focusing on sales gains more than driving margins. The strategy banks on driving margins in the future with self-driving solutions for a larger base of vehicles.
Overall, the Street has a $202.92 consensus price target on Tesla, implying a healthy potential upside of 25.4% in the stock. That’s after an 18.4% slide in the share price over the past month alone.
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