Wedbush Analysts Downgrade Tesla Stock Target Due to Poor Q1 Performance
Thursday, 28 March 2024, 14:38
Tesla Stock Forecast Update
In a recent report by Wedbush, analysts have downgraded the target for Tesla's stock following a challenging first quarter performance.
Analysts' Concerns
Wedbush analysts referred to the 1Q deliveries as a 'nightmare quarter' for Tesla, indicating significant issues impacting the company's stock outlook.
The downgrade in target reflects the challenges faced by Tesla in the first quarter and the potential repercussions on its stock valuation.
- The impact of challenging deliveries
- Diminished confidence from analysts
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