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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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SINDOnews.com broke the news in on Wednesday, March 26, 2025.
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