Tesla stock drops as Wells Fargo cuts rating to sell, sees 30% downside risk
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Tesla (TSLA) PT Lowered to $165 at UBS, 'Concerns mounting, but will multiple crack?'
March 13, 2024 4:24 PM EDTUBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $225.00) while maintaining a Neutral rating.
The analyst comments "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" entrant in China. M2 could... More
Wedbush on Tesla (TSLA): 'Negative Sentiment Way Overdone In Our View'
March 13, 2024 7:05 AM EDTWedbush analyst Daniel Ives reiterated an Outperform rating and $315.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "We believe the stock is way overshooting on the negative front as the demand story for Tesla is more in stabilization mode heading to the... More
