Tesla expands price cuts to China, Germany after reducing FSD cost; shares down
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Roth/MKM Reiterates $85 PT on Tesla (TSLA), Issues Negative/Cautious Comments on 'Stretched' Valuation
April 24, 2024 6:38 AM EDTRoth/MKM analyst Craig Irwin reiterated a Neutral rating and $85.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla posted a 1Q24 miss and pulled forward a low-cost vehicle launching before 2H25 to be based on existing vehicle platforms. RoboTaxi unveiled... More
Morgan Stanley Re-explains it's $310 Price Target on Tesla (TSLA)
April 24, 2024 6:18 AM EDTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Our PT of $310 is comprised of 6 components: (1) $67/share for core Tesla Auto business on 6.1mm units in 2030, 9.0% WACC, 13x 2030 exit EBITDA multiple, exit EBITDA... More
Tesla cuts prices of some models in Germany and Europe
April 21, 2024 11:19 AM EDTFRANKFURT (Reuters) - Tesla is cutting prices of some models in Germany and elsewhere in Europe, the Middle East and Africa, a spokesperson said on Sunday.
The move comes as the company unveiled price cuts over the weekend in China and in the United States.
In Germany, the... More
Tesla cuts price of Full Self-Driving software by a third to $8,000
April 21, 2024 12:03 AM EDTSAN FRANCISCO (Reuters) -Tesla on Saturday slashed the price of its Full Self-Driving (FSD) driver assistant software to $8,000 from $12,000 in the United States, as CEO Elon Musk reaffirms his commitment to self-driving technology.
Musk is betting the technology will become a major source of revenue for the world's most valuable automaker. But... More

