Jim Cramer Says ‘Boring’ Stocks Will Outperform Over the Long Term; Here Are 3 Names to Consider

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Tesla Stock: Undervalued and Heading to $1,100, Says RBC

Sentiment is low, everyone is bearish, and the stock market appears to be sinking to the bottom. However, looking at the case for Tesla (TSLA), with shares down ~38% year-to-date, RBC analyst Joseph Spak believes that now is the time to buy the dip. “Near-term set-up seems favorable… With investors primed for lower deliveries, we believe 2Q22 margins can surprise to upside,” Spak opined. The analyst expects Q2 deliveries will drop to 249,000 (compared to Q1’s 310,000), due to the pricing actio