CNBC Pro

Wedbush says Tesla faces a 'moment of truth' in China with recall

Share
Pavlo Gonchar | LightRocket | Getty Images

Wedbush is maintaining its bullish view on Tesla, despite negative headlines regarding an autopilot software recall in China.

Chinese regulators on Saturday said Tesla would need to fix software on nearly 300,000 cars in the country. They said the cars' assisted-driving function can accidentally be activated by drivers, prompting sudden acceleration.

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls of the day: Apple, Nike, Qualcomm, Facebook, Alphabet & more
CNBC ProCredit Suisse hikes Alphabet price target to a Street high, says stock will rise 30%
CNBC ProCiti upgrades Monster Energy, says underperformance is opportunity to get the growth stock for cheap