Expert Analysis on Tesla Stock Performance and Q1 Prospects

Thursday, 28 March 2024, 13:40

Tesla stock has dropped 28% this year and 56% from its peak, leading to questions about its investment potential. Citigroup analyst Itay Michaeli predicts a $196 price target for Tesla, implying a 9% upside. However, concerns remain about Tesla's Q1 delivery report and demand challenges in the EV market. Despite the dip, long-term investors may see an opportunity in Tesla's innovative ventures.
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Expert Analysis on Tesla Stock Performance and Q1 Prospects

Tesla Stock Analysis

Tesla's stock has plunged 56% from its all-time high and 28% this year.

Expert Opinion

Analyst Itay Michaeli maintains a neutral rating, lowering the price target to $196.

Five out of the 'Magnificent Seven' stocks have seen gains, but Apple and Tesla have declined.

Q1 Outlook

Q1 delivery expectations have been revised downward, indicating potential challenges.

  • Bearish Concerns: Uncertainties remain regarding demand and pricing strategies.
  • Potential Opportunities: Long-term investors may view the dip as a buying chance for future growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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