Tesla Stock Hits New Low Following UBS Sales Estimate Cut

Thursday, 14 March 2024, 17:30
UBS has revised down Tesla's sales forecast for the year due to sluggish EV demand in the U.S. and Europe, coupled with reduced production levels. As a result, Tesla's stock has plummeted to a 10-month low, reflecting investors' concerns over the company's performance.
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Tesla Stock Hits New Low Following UBS Sales Estimate Cut

Wall Street Concerns on Tesla

UBS has downgraded Tesla's sales forecast for the year, citing weak demand for EVs in the U.S. and Europe. The company is also experiencing production challenges in North America and Europe, leading to a stock decline.

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