Tesla Inc. faces challenges as Wells Fargo downgrades its rating to Underweight from Equal Weight with a price target of $125, citing risks from price cuts and disappointing deliveries. UBS also lowers its target price to $165 from $225, highlighting concerns about slowing EV demand and China competition. Wedbush counters negative sentiment on Tesla stock, calling it 'way overdone.' Despite these assessments, Tesla's stock performance in 2024 has been worse than Boeing Co., making it the worst performer in the S&P 500 Index.
“.. How bad is 2024 going so far for Tesla Inc.? Well, its stock is down more than Boeing Co., making it the worst performer in the S&P 500 Index.” @opinion @liamdenning $TSLA $BA https://t.co/95QEF1KPvy https://t.co/InZ4R8byuJ
With due respect to UBS nothing new in these concerns that weren’t apartments ago - except bits of (1) https://t.co/ijItXPhDPk
With due respect to UBS nothing new in these concerns that weren’t apartments ago - except bits of (2) https://t.co/ijItXPhDPk
$TSLA: UBS cuts target price to $165 from $225 "Concerns mounting, but will multiple crack? Aside from slowing EV demand and China competition, concerns include: 1) Unit growth re-acceleration depends on affordable (~$25k starting price) Model 2, but this would be a "late"…
⚠️JUST IN: *WEDBUSH SAYS NEGATIVE SENTIMENT ON TESLA STOCK 'WAY OVERDONE' DO YOU AGREE? $TSLA https://t.co/9RRECO0dLS
$TSLA: Wells Fargo Downgrades to Underweight from Equal Weight - PT $125 (from $200) "We downgrade TSLA from EW to UW. We see downside risk to volume as price cuts are having a diminishing impact. We see headwinds from disappointing deliveries & more price cuts, which likely…