2 reasons why Tesla stock fell on Thursday
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RBC Capital Issues Negative Sentiment on Tesla (TSLA) Post Below Consensus Estimate Q1 Deliveries Report
April 2, 2024 10:16 AM EDTRBC Capital analyst Tom Narayan reiterated an Outperform rating and $290.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Sentiment: Negative. What do we think? Obviously a much softer than expected result for Q1. We think Buyside was calling for ~400-420k, so even in that context, the result is a miss. The release calls out the ''early phase of the production ramp of the updated Model 3 and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict... More
Wells Fargo on Tesla (TSLA), 'Adding TSLA to Q2 ’24 Tactical Ideas List'
April 1, 2024 5:43 AM EDTWells Fargo analyst Colin Langan reiterated an Underweight rating and $125.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "We have an Underweight rating on TSLA. We see moderating delivery growth driven by lower demand & diminished return on price cuts. We estimate auto gross margin ex credits fall by ~130bps y/y given... More
