"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.
Build practical ev pickup trucks.
You already knew that
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: