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The move, which prompted a 4.5% fall in Tesla's shares in pre-market U.S. trade, came after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower ...
Tesla’s newest price cuts in the U.S. have analysts at one Wall Street bank concerned. Over the holiday weekend, Tesla slashed prices across its vehicle range by 2% to 6%, the fifth price cut ...
Jonas wrote the lower price target is based on the following cuts: a $5 cut due to lower top-line growth, a $10 cut from lower margins, and a $10 cut from slower growth in Tesla mobility ...
Tesla stock is down 7% since it reported third-quarter vehicle deliveries on Wednesday. JPMorgan sees the stock drifting even lower, by as much as 48% to its $130 price target.
HSBC analyst Michael Tyndall initiated coverage of Tesla on Thursday with a Reduce (or Sell) rating and $146 price target, implying a 33% drop in Tesla’s stock price. In response Tesla stock ...
Cutting prices from 6% all the way to nearly 20% is cutting deep into Tesla’s profit margins, which prior to these cuts was the envy of the automotive world (Tesla’s automotive gross margin ...
The latest incentives come after Tesla cut prices in January for the Model 3 and Model Y by 5.9% and ... and Tesla having to cut prices and possibly reduce shipments is definitely a concern for ...
The price cuts come after Tesla, led by its billionaire CEO Elon Musk, reported this month that its global vehicle deliveries in the first quarter fell for the first time in nearly four years ...