Tesla shares fall on year-over-year income, earnings drop

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Analysts are also worried about the prospect of continued price cuts alluded to by CEO Elon Musk.

"We are cautious of the discounting given LT brand risk," a note from Wells Fargo read, referring to longer-term damage to Tesla's brand. Wells Fargo cut its price target for Tesla from $190 to $170.

Analysts from Oppenheimer wrote that while Tesla would benefit over time from the potential market-share gains that price cuts could bring, "near-term margin pressure" would continue "to be a concern for investors." Oppenheimer has a "perform" rating on Tesla stock. Tesla shares remain elevated from a dismal 2022 performance which mirrored the broader downturn in tech companies. Shares of the electric vehicle manufacturer are up nearly 47% year-to-date.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Build practical ev pickup trucks.

You already knew that

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 12. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen