• 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.
I’m Abhishek Sharma, an Advocate based in Delhi, entrepreneur, investor, and founder of BigBreakingWire.
I am an enrolled Advocate with a strong interest in entrepreneurship, media, and technology. I founded BigBreakingWire, a digital news platform covering breaking news, business, financial markets, companies, and important developments in India and around the world.
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Last reviewed by Abhishek Sharma on January 27, 2024
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