Leaning in the Bears story on Tesla (TSLA).
UBS analyst Joseph Spak repeated his 12-month sales rating on Tesla shares on Monday, which expressed considerable concern about the short-term demand for views for Model 3 and Model Y. He reduced his price target on Tesla to $ 225 from $ 259.
The consensus price goal on the street is $ 239, according to Yahoo Finance Data.
The share tanked 8% to $ 242 in early trade alongside a broader hit on markets due to rates.
Close: March 10 at 16:00:03 pm Edt
“Although the long-term story at Tesla has shifted to AI (Robo-Taxis and Humanoid Robots) and the progress continues there, we believe that these are longer dated opportunities that the Premium Multiple already considered (more than). Shares are currently being traded at 90x p/e on consensus that the spawning) SCATTINGS.
Spak predicts deliveries for Tesla in the first quarter to fall 5% years after year and 26% successively. His new deliveries estimates are 13% under current consensus estimates.
Listen: How Elon Musk delivers on great ambitions
The Bearish Note is the last terrible news for the Tesla believers.
Tesla shares have fallen 40% to date and the worst performing component of the “Magnificent Seven” shares-including Apple (AAPL), Amazon (AMZN), NVIDIA (NVDA), Google (Google), Microsoft (MSFT) and Meta (Meta).
The stock alone fell by 28% in February compared to a modest decrease for the S&P 500 (^GSPC). Shares will fall by 7% in February compared to a 3% decrease for the S&P 500.
The weakness in sentiment reflects more than just ensuring that the proximity of Elon Musk with Trump rejects buyers around the world (although claimed to attack This story feeds at Tesla stores).
In February, Tesla sold only 26,677 vehicles on the Chinese market, according to data released today by the China passenger Car Association. The figure marked a decrease of 11.16% year after year and 20% fell from January.
At the same time, the Australian electric vehicle council reported that the total turnover of Tesla in February fell 72% years after year.
In the US, prices remain on used cyber trucks, Model 3S, Model SS, Model YS and Model Xs are falling. Tesla is confronted with an increased EV competition from General Motors (GM) and Ford (F), while some consumers opt for hybrids.
In the past 90 days, the average price of a Tesla has fallen by 4%, According to data from Cargurus. The fastest price decreases are in cyber trucks, followed by Model S.
In the meantime, new rates from the Trump administration are to increase the costs for Tesla and other car manufacturers.
