Tesla Shares Forecasted to Face Decline Amid Demand and Margin Concerns

Monday, 1 July 2024, 13:49
Wells Fargo's analysis projects a challenging quarter for Tesla, with expectations of decreased demand and margins resulting in a potential significant drop in stock value. The firm holds an underweight rating on Tesla with a $120 price target, indicating a potential 40% decrease from the current stock price.
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Tesla Shares Forecasted to Face Decline Amid Demand and Margin Concerns

Tesla Stock Analysis by Wells Fargo

Wells Fargo predicts a challenging quarter for Tesla.

Projections

  • Expectations: Decreased demand and margins.

Impact: Potential 40% downside from current stock value.

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