Analysts from Morgan Stanley, Deutsche Bank, and Franklin Templeton express concerns about the electric vehicle market, particularly regarding Tesla ($TSLA). Price targets for Tesla have been lowered, with Deutsche Bank expecting Tesla to miss Q1 estimates significantly. Despite rapid growth in 2023, EV sales in China are slowing, and price cuts are observed. Huawei and BAIC announce ambitious sales targets and global expansion plans for their first EV.
Deutsche Bank today lowered its price target on Tesla $TSLA to $218 from $250 while maintaining its Buy rating
$TSLA | Deutsche Bank Expects Tesla To Miss Estimates 'By A Wide Margin' - Investing https://t.co/KBew2akfyC
Morgan Stanley's car guru has a new under-the-radar pick that benefits from EV industry setbacks https://t.co/5yHYLdIvJl
⚠️ JUST IN: *DEUTSCHE BANK EXPECTS TESLA TO MISS Q1 ESTIMATES 'BY A WIDE MARGIN' DO YOU AGREE OR DISAGREE? $TSLA https://t.co/A8Ru2CCru4
$TSLA ❖ TESLA INC: DEUTSCHE BANK CUTS TARGET PRICE TO $218 FROM $250
Huawei and BAIC’s first EV comes with ambitious sales target, global expansion plans https://t.co/m1FOYfNP7G
China's EV Market Starts 2024 With BEV Sales Slowing And Even More Price Cuts https://t.co/tpL4sAaW5D
Electric vehicles have been under pressure, despite rapid growth in 2023. The long-term outlook remains positive, according to Franklin Templeton Emerging Markets Equity. Find out more. https://t.co/gY7HBTo9vW
This Morgan Stanley analyst is the latest to raise concerns with $TSLA. He cut his price target to $320 from $345 (still one of the more bullish targets), noting concerns like lagging EV demand and “strong hybrid momentum” peeling away potential buyers. https://t.co/Vr0KSMrXBh