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April 25, 2024 12:32 PM EDT
Deutsche Bank analysts said in a note Thursday that Tesla's (NASDAQ: TSLA) pragmatic approach to cheaper vehicles raises more questions. Investors reacted positively to the news that Tesla is not completely giving up on selling a cheaper consumer model.
The electric vehicle giant's shares rose more than 12% Wednesday following its results and the... More
April 25, 2024 6:13 AM EDT
Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $136.00 (from $123.00) while maintaining a Hold rating.
The analyst comments "The strong positive market reaction to Teslas mixed Q1 print, in our view represented some relief that Tesla is not completely giving up on selling... More
April 24, 2024 1:39 PM EDT
Following Tesla's (NASDAQ: TSLA) first-quarter 2024 results, JPMorgan has raised concerns over the possibility of additional negative earnings revisions and ongoing multiple compression for the electric vehicle giant.
The earnings report showed softer performance than anticipated, with revenue for the quarter totaling $21.3 billion, slightly below JPMorgan's estimate of $21.4 billion. However, this figure fell notably short of the Bloomberg consensus of $22.3 billion, which had progressively declined from $25.7 billion following the fourth-quarter 2023... More
