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Tesla (TSLA) PT Lowered to $400 at Piper Sandler

April 16, 2025 6:26 AM EDT

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $400.00 (from $450.00) while maintaining a Overweight rating.

The analyst comments "Q1 financials will likely underwhelm. Deliveries of 337k units missed consensus (of 378k), and as a result, gross margin is... More