Tesla Faces Downgrade from Brokerages Following Disappointing Q4 Earnings Report

• Tesla continues its trend of declining more than 13% following earnings reports, experiencing a 30% decrease in the past 6 months and a 25% decline year-to-date.

• JPMorgan lowers $TSLA price target to $130 from $135, while New Street Research reduces it to $255 from $300.

• KGI Securities downgrades $TSLA from Outperform to Neutral, setting a new price target of $213 (down from $309).

• Goldman Sachs lowers its price target for Tesla to $220 (previously $255).

• Barclays revises its price target for $TSLA down to $225 from $250.

• RBC Capital reduces its price target for Tesla to $297 from $300.

• Mizuho Securities adjusts its price target for $TSLA to $270 (down from $310).

• UBS lowers the price target for Tesla to $225, previously set at $229.

• Wells Fargo revises its price target for $TSLA to $200, down from $223.

• Citi adjusts its price target for Tesla to $224, down from the previous $255.

• Wedbush maintains a $310 price target for TSLA, anticipating the Cybertruck launch. They expect around 250k units annually by FY25.

Tesla’s Q4 2023 Earnings Review: Missed Estimates, Optimistic Outlook, and the Rise of Optimus