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Shares of Tesla (NASDAQ: TSLA) were heading lower on reports that the Trump administration planned to eliminate the $7,500 electric vehicle (EV) tax credit. Tesla also issued its sixth recall this ...
In a note on Monday, the bank maintained its "sell" rating on Tesla stock and issued a price target of $226 a share. Though that's slightly higher from the bank's previous price target of $197 a ...
Tesla stock closed 5.7% lower on Thursday after Reuters reported Trump's team has drawn up plans to eliminate the $7,500 tax credit for electric vehicle buyers as part of a broader tax reform.
Investors appear to be questioning the valuation after the stock jumped nearly 40% over the four sessions after the election. As of 2:56 p.m. ET, the stock was down 5%. A Tesla Model 3 on a snowy ...
Since last year, Tesla has cut prices by as much as $20,000 on some models amid slowing demand. The price cuts caused used electric vehicle values to drop and clipped Tesla’s profit margins ...
Meanwhile, Tesla stock is selling for 67 times earnings and 448 times its much depleted free cash flow. Oh, and analysts polled by S&P Global Market Intelligence forecast profits will only grow 15 ...
JPMorgan sees the stock drifting even lower, by as much as 48% to its $130 price target. JPMorgan said Tesla is positioned to not grow full-year vehicle deliveries "for the first time in its history."
Tesla stock dropped 4.8% on Monday, dropping below $200 and hitting lows not seen since late May despite a broader market rally and rebound in beaten-down tech. Two pieces of news were weighing on ...