Tesla

UBS analyst Patrick Hummel maintains Tesla with a Neutral and lowers the price target from $225 to $165.

Wells Fargo analyst Colin Langan downgrades Tesla from Equal-Weight to Underweight and lowers the price target from $200 to $125.

Tesla’s (TSLA) first-half results could come in below expectations on profitability amid a challenging year for electric vehicles, Morgan Stanley said in a report. “If there was ever a time for Tesla to potentially post a GAAP EBIT loss in the auto business, it may be this year,” Morgan Stanley said, pointing to decelerating EV demand in key markets and an over-supplied China EV market. Morgan Stanley expects Tesla to pull back on price cuts to defend its margins and cash flow in response to falling profitability. “However, we still forecast Tesla FY24 FCF of <$100mm for the year,” the report said. For FY2024, Morgan Stanley cut its GAAP EPS forecast for the company to $0.99 from $1.54 previously. Morgan Stanley reiterated its overweight rating on Tesla while lowering its price target to $320 from $345 amid the “seemingly overwhelming bearish institutional investor sentiment.” “Tesla has significant attributes to be

Morgan Stanley analyst Adam Jonas maintains Tesla (NASDAQ:TSLA) with a Overweight and lowers the price target from $345 to $320.

Morgan Stanley analyst Adam Jonas on Tuesday noted both product and market issues as he slashed target price and FY24 earnings estimates for EV giant Tesla Inc (NASDAQ:TSLA). Analyst Rating: The analyst cut the target price from $345 to $320 while maintaining an ‘overweight’ rating. Tesla Thesis: In a note, the analyst noted the several downsides plaguing Tesla at the minute including dwindling EV demand, older product line-up as compared to other automakers, heavy competition and price war in China, and not the least, the increasing popularity of hybrids over battery electric vehicles in the company’s primary market of U.S.. “If there was ever a time for Tesla to potentially post a GAAP EBIT loss in the auto business, it may be this year,” Jonas wrote. The analyst said that he expects the EV giant’s first-half results for the year will fail to meet expectations with GAAP operating margins in the 2-3% range. After taking a severe

Tesla’s (TSLA) vehicle sales in China fell by 19% year on year in February, declining to their lowest level since December 2022, media outlets reported Monday, citing data from the China Passenger Car Association. Tesla shipped 60,365 vehicles from China in February, the reports said, adding that the slowdown was likely caused by reduced purchases during the Lunar New Year holidays.

RBC Capital analyst Tom Narayan reiterates Tesla (NASDAQ:TSLA) with a Outperform and maintains $297 price target.

Tesla Inc. (NASDAQ:TSLA) has been compelled to halt the delivery of two of its popular vehicle models in the United States due to range issues. The delay is a result of the U.S. Environmental Protection Agency (EPA) seeking retesting of the vehicles. What Happened: As reported by Drive Tesla Canada on Wednesday, the delivery of the Model S Dual Motor All-Wheel Drive (AWD) and Model Y Performance has been postponed. This decision was made at the behest of the EPA, which has raised concerns about the range figures of these vehicles. The range ratings for the Model S, Model X, and Model Y were recently revised by Tesla. Although the company did not publicly disclose the reason for the change, internal communications revealed that it was due to changes in the EPA testing methods, resulting in “higher consumption and a slight decrease in overall range.” Additionally, Tesla introduced what it referred

By Tomi Kilgore Daiwa’s Jairam Nathan is worried about how governance concerns will aggravate difficult financial conditions Shares of Tesla Inc. were downgraded Tuesday by a longtime bull, who expressed concerns about increased focus on governance issues surrounding the electric-vehicle giant’s Chief Executive Elon Musk that could make a “tough” EV-demand environment even worse. The stock (TSLA) bounced 1.3% in morning trading, after closing the previous session at a nine-month low. Daiwa Capital Markets analyst Jairam Nathan cut his rating to neutral, after being at outperform for the past two years. He lowered his price target on the stock by 20%, to $195 from $245. His concern is that corporate governance concerns have come back to the forefront when a court ruling voided CEO Musk’s $56 billion compensation package, due to the “non-independence” of Tesla’s board of directors. And a recent report in The Wall Street Journal that highlighted the

Tesla (NASDAQ:TSLA) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 24.07% Piper Sandler $295 → $225 Maintains Overweight 01/31/2024 73.7% Wedbush → $315 Reiterates Outperform → Outperform 01/30/2024 65.42% Baird → $300 Reiterates Outperform → Outperform 01/26/2024 37.85% Deutsche Bank $260 → $250 Maintains Buy 01/26/2024 — Edward Jones Downgrades Buy → Hold 01/26/2024 -28.32% JP Morgan $135 → $130 Maintains Underweight 01/26/2024 23.52% Citigroup $255 → $224 Maintains Neutral 01/26/2024 21.31% Goldman Sachs $255 → $220 Maintains Neutral 01/25/2024 24.07% UBS $229 → $225 Maintains Neutral 01/25/2024 65.42% Baird → $300 Reiterates Outperform → Outperform 01/25/2024 73.7% Wedbush $350 → $315 Maintains Outperform 01/25/2024 48.88% Mizuho $310 → $270 Maintains Buy 01/25/2024 63.77% RBC Capital $300 → $297 Maintains Outperform 01/25/2024 6.42% Truist Securities $227 → $193 Maintains Hold 01/25/2024 24.07% Barclays $250 → $225 Maintains Equal-Weight 01/25/2024 21.31% Goldman

The National Highway Traffic Safety Administration (NHTSA) said on Friday that it has commenced an engineering analysis into the steering rack parts in Tesla Inc‘s (NASDAQ:TSLA) Model 3 sedan and Model Y SUV after multiple owner reports of loss of steering control. What Happened: In its preliminary evaluation which kickstarted in July 2023, the NHTSA identified 2,388 complaints regarding the issue in model year 2023 vehicles. The complaints allege an inability to turn the steering wheel or an increase in effort required to turn the wheel with a majority having experienced it when the vehicle was traveling with a speed between 5 mph and 35 mph. There have also been multiple allegations of drivers blocking intersections and roadways, the agency said. “ODI (Office of Defects Investigation) is aware of over 50 vehicles which were allegedly towed as a result of the condition from a variety of areas including, driveways, parking lots, side

Wedbush analyst Daniel Ives reiterates Tesla (NASDAQ:TSLA) with a Outperform and maintains $315 price target.