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Some investors asking why I am so against further $TSLA EV price cuts but am such an advocate of FSD subscription price cuts. It’s math. Every $1,000 price cut on Model Y - which is already very cheap in the US starting at $37,500 after the $7,500 EV credit - costs $TSLA…
Wells Fargo today lowered its price target on Tesla $TSLA to $120 from $125 while maintaining its Underweight rating Citi today lowered its price target on Tesla $TSLA to $180 from $196 while maintaining its Neutral rating
$TSLA Citi reiterates Tesla as neutral Citi lowered its price target on the stock to $180 per share from $196. “Given NT [near term] Tesla demand headwinds (in our view tied to product age, saturation), we still see more downside than upside to our NT estimates.”
Several major banks, including Bank of America, Citi, and Wells Fargo, have lowered their price targets on Tesla ($TSLA) due to concerns about demand and profitability. Bank of America reduced its target to $220 from $280, citing profit pressure from weak demand. Citi reiterated Tesla as neutral and lowered its target to $180 from $196, highlighting near-term demand challenges. Wells Fargo also decreased its target to $120 from $125 while maintaining an Underweight rating.