Tag TSLA

Tesla fell for a third day on Wednesday after a closely watched analyst at Morgan Stanley lowered his price target on the stock, saying that electric-vehicle demand was continuing to weaken in key markets including China despite hefty price cuts. Morgan Stanley joined other analysts in cutting Tesla's delivery outlook, after its weak China sales for February added to concerns about slowing growth and rising competition. "China EV market is over-supplied, seeing a barrage of price cuts," Adam Jonas said, forecasting a persisting price competition this year...

Tesla stock had looked set to break a brutal two-day slump, rising in early premarket trading Wednesday until one of the biggest Tesla bulls cut his price target on the stock. Tesla shares were up more than 1% in premarket trading, while futures on the and were up 0.4% and 0.8%, respectively. “A challenging year for EVs…demand continues to decelerate despite continued price cuts,” wrote Jonas in a Tuesday evening report...

Shares of Tesla slipped Wednesday morning, extending a recent decline that has them off some 13% this week so far. The EV maker's stock was recently down 2%, leaving it off about 29% this year. It's one of three Magnificent Seven stocks in the red in 2024, the others being Apple and Google parent Alphabet...

Morgan Stanley Tesla bull Adam Jonas issued an investor note late Tuesday in which he cut his Tesla 2024 earnings projections by 25%, saying that the EV giant could "potentially" lose money this year...

One of Wall Street's most respected analysts has a surprising outlook for Tesla profit this year...

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The Volcano Group set a high-voltage power mast ablaze, bringing production at Tesla's Gigafactory to a complete halt...