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April 4, 2024 6:10 AM EDT
Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $320.00) while maintaining a Overweight rating.
The analyst comments "Teslas weak 1Q update is a clear sign of the ongoing EV shakeout phase. Our revised FY24 delivery est... More
April 3, 2024 4:21 PM EDT
JPMorgan analyst Ryan Brinkman lowered the price target on Tesla (NASDAQ: TSLA) to $115.00 (from $130.00) while maintaining a Underweight rating.
The analyst comments "
We are slashing our estimates and price target for Tesla shares after updating for 1Q24 deliveries which yesterday tracked materially softer than JPM and consensus expectations and which we estimate could spell trouble for investor confidence in the companys long-term growth outlook that is so critical to sustaining the stocks rarified valuation multiple. In fact, Tesla vehicle sales appear to have missed analyst estimates by the... More
