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DeepNewz, mobile.
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Tesla ($TSLA) is facing challenges in China as Chinese EV makers slash prices, leading to plummeting vehicle values and production cuts. Analysts have revised delivery estimates and price targets downwards, citing weak demand in China and the US. Multiple firms, including Bernstein and Morgan Stanley, have lowered price targets on Tesla stock due to concerns over demand issues and soft deliveries in the first quarter.
DEUTSCHE, on $TSLA: “.. we cut our full year deliveries estimate to ~1.9m units .. now representing only mid-single digit growth .. worries over volume and earnings could .. put significant pressure on the stock, especially considering the meaningful downside risk we see to 2025… https://t.co/0TI8TI18Fn
$TSLA is having its third worst quarterly run ever. Have you lost confidence in the company or its leadership? https://t.co/CAz2EkFG81
Tesla has had a ‘nightmare’ first quarter amid weak China demand, says this longtime bull https://t.co/SZIBoCJYBs
