Wall Street Analysts Cut Price Targets on Tesla Shares Amid Disappointing Delivery Numbers
Wednesday, 3 April 2024, 14:35
Wall Street Analysts React to Tesla's Delivery Miss
A number of Wall Street analysts have revised their price targets on Tesla (TSLA) shares after the company reported lower-than-expected first quarter deliveries.
Analysts' Responses:
- Guggenheim: Analyst Ron Jewsikow expressed increased confidence in negative catalysts for Tesla, citing year-over-year delivery declines and potential risks from the China outlook and political cycle.
- Truist: Analysts at Truist reduced their price target on Tesla, while still maintaining a Hold rating and awaiting positive developments such as the launch of a new vehicle.
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