HSBC slashes its Tesla price target, sees shares falling more than 50%
- HSBC reduced its price target for Tesla from $165 to $130, citing weak fundamentals and increased competition in the EV market.
- Analyst Michael Tyndall expects Tesla to deliver 385,000 vehicles in Q1, which is a reduction from previous estimates.
- Tesla's stock has fallen 43% amidst declining EV sales and increasing competition, according to market analysts.
- Cathie Wood of Ark Investment Management maintains a $2,600 price target for Tesla, suggesting a significant potential upside despite current market challenges.
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Analyst reboots Tesla stock price target ahead of deliveries
Don't miss the move: Subscribe to TheStreet's free daily newsletter (TSLA) bull. More Tesla: Story Continues Related: Veteran hedge fund manager sounds alarm on Tesla’s stock Related: Veteran fund manager unveils eye-popping S&P 500 forecast Source link The post Analyst reboots Tesla stock price target ahead of deliveries appeared first on WDC TV NEWS.
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