Tesla Stock Plunges to 10-Month Lows: Analysts Predict Further Decline in 2024
Thursday, 14 March 2024, 14:03
Summary:
Tesla stock has hit a 10-month low with analysts predicting further decline. Wells Fargo and UBS downgraded Tesla's stock, projecting it to potentially drop below $125. Despite challenges, some experts see a silver lining in the company's strong delivery records and potential for growth in 2024.
Analysts Downgrade Tesla Stock:
- Wells Fargo downgraded Tesla to 'underweight' and set a price target of $125.
- UBS also revised Tesla's stock price target to $165.
Future Outlook for Tesla:
- Despite concerns, Wedbush's Dan Ives believes Tesla is poised for a strong 2024.
- Forecasts for Tesla's stock in 2024 remain mixed, with some experts predicting further decline.
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.