Analysts from Mizuho, Bernstein, and Citi have downgraded Tesla ($TSLA) due to concerns about slowing EV demand, price cuts, and production constraints. Mizuho lowered the price target to $195 from $270, Bernstein to $120 from $150, and Citi to $196 from $224.
$TSLA Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $196 per share from $224 ahead of the company’s delivery numbers in early April. “Ahead of Tesla’s Q1 delivery release, we’re lowering estimates to reflect recent datapoints. Our Q1 delivery…
$TSLA will plummet 30% over the next year warns Bernstein. The firm cut their price target on Tesla to $120 and says the fair value is actually $93. https://t.co/BydJGnyLTV
Canaccord Genuity analyst @gianarikas has reiterated his $TSLA price target of $234 and BUY rating. “Overall, we view much of the negativity currently surrounding Tesla as extreme — and the recent uptick in volume of negative and bearish feedback we have received regarding…
⚠️JUST IN: *BERNSTEIN SAYS TESLA STOCK VALUATION 'STILL TOO HIGH', SEES 30% DOWNSIDE RISK DO YOU AGREE OR DISAGREE? $TSLA https://t.co/6OmU5O2muX
$TSLA ouch - $120 on the cards says Bernstein Bernstein reiterates Tesla as underperform Bernstein lowered its price target on the stock to $120 per share from $150. ” Tesla’s stock price remains high on almost every valuation metric compared to both traditional and…
$TSLA: Bernstein Cuts target price to $120 from $150 ❖ "Quarter to date, Tesla has experienced soft China/Europe demand and constrained US Model 3 production. We are lowering our Q1 forecast from 490k to 426k units (up 1% YoY), and our FY 24 units from 2.12 to 1.98M (cons. at…
Mizuho downgraded Tesla $TSLA, Rivian $RIVN, and Nio $NIO to neutral, citing slowing demand, continuing price cuts and decelerating EV sales growth as factors that could hurt results.
$TSLA ❖ 'Tesla may be witnessing price-cut fatigue with consumers': Morgan Stanley According to an unconfirmed report by Bloomberg, Tesla cut Shanghai factory production to 5 days per week from 6.5 days per week previously. However, they think "Tesla may be witnessing…
$TSLA $LCID $NIO $LI $RIVN Mizuho downgrades Tesla, Rivian and Nio to neutral from buy Mizuho downgraded several EV companies due to concerns about slowing EV demand. “
NEWS: Mizuho analyst Vijay Rakesh has lowered his $TSLA price target to $195 (from $270) and downgraded to Hold from Buy. “While we remain constructive on the broader EV landscape with the long-term trend to electrification, near-term EV demand, and tightening liquidity are…
No way to spin cutting production in China. The Chinese recession is definitely having an effect on several companies. Tesla is one of them. $TSLA #Tesla $AAPL