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Bernstein 'struggles' to see a catalyst for Tesla (TSLA) stock

February 6, 2024 9:50 AM EST

Bernstein remains Bearish on Tesla (NASDAQ: TSLA) with an Underperform rating and a 12-month price target on the electric automaker of $150.00 as analysts struggle to see a catalyst for the company.

2023 marked a period of robust yet decelerating growth for the electric vehicle (EV) market globally, with sales of battery electric vehicles (BEVs) experiencing a 35% increase from 6.3 million to 8.2 million units. This growth, however, was notably slower compared to the impressive 65% expansion witnessed in... More

Daiwa downgrades Tesla (TSLA) over increased governance concerns

February 6, 2024 9:00 AM EST

Daiwa Capital Markets downgraded Tesla (NASDAQ: TSLA) to a Neutral rating (From Outperform) and cut their 12-month price target by $50.00 to $195.00 as the firm sees corporate governance concerns aggravating already tough financial conditions in 2024.

Concerns about how Tesla is governed increased after a Delaware judge's ruling questioned the independence of Tesla's Board, leading to the cancellation of CEO Elon Musk's compensation. The Wall Street Journal's... More

Tesla (TSLA) sinks as SAP moves away from EV giant

February 5, 2024 3:12 PM EST

Tesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.

Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More