Shares of Tesla Inc. dropped after recent rumors of a scrapped low-cost EV project, impacting the stock price negatively.
Stock AI’s forecasts:
🔴 -8.4% short-term ⬇️
🟢 +2.0% long-term ⬆️
Stock AI’s (TSLA) Forecast get (+21.7% Profit)
StockAI’s analysis delivers real-world results. On 11 March 2024, $TSLA ($179.1), StockAI predicted a long-term 🔴 sell signal. It was accurate: 1 month later price dropped to $140.2 (🔴-21.7%). Selling TSLA on this signal yielded a +21.7% profit 💰💰.
TSLA-Tesla, Inc. News
🟢 Tesla Inc. is set to report first-quarter financial results on April 23, which is seen as a positive development for the stock.
🔴 The stock price of Tesla fell over 6% after rumors of a scrapped low-cost EV project, leading to a 3.63% drop on Friday.
🟢 Morgan Stanley reissued their overweight rating on Tesla, with a $320.00 price target on the stock.
🔴 Tesla’s price target was lowered by Wells Fargo & Company from $125.00 to $120.00, with an underweight rating.
🟢 Tesla’s stock had its market perform rating reaffirmed by Oppenheimer, indicating stability in the market sentiment.
🔴 Deutsche Bank Aktiengesellschaft downgraded Tesla’s stock from a buy rating to a hold rating, with a $123.00 price target.
The recent news surrounding Tesla Inc. has been a mix of positive and negative developments, leading to fluctuations in the stock price. While the upcoming first-quarter financial results are anticipated to have a positive impact on the stock, rumors of a scrapped low-cost EV project have caused a decline in the stock price. Analyst ratings and price target adjustments also contribute to the overall sentiment towards the stock. Investors should closely monitor these developments to make informed decisions regarding their investments in Tesla Inc.
TSLA-Tesla, Inc. Analyst Ratings
In recent news, analysts have been closely monitoring Tesla, Inc. (NASDAQ: TSLA) stock and making changes to their ratings. Here is a brief list of analyst ratings for Tesla stock:
📉 Deutsche Bank Aktiengesellschaft downgraded Tesla stock from a buy rating to a hold rating and lowered the price target from $218.00 to $200.00.
📉 Wells Fargo & Company decreased their price target on Tesla stock from $125.00 to $120.00 and maintained an underweight rating.
📉 Barclays lowered their price target on Tesla stock from $225.00 to $180.00 and gave it an equal weight rating.
Sources:
– ETF Daily News – Deutsche Bank Aktiengesellschaft rating
– ETF Daily News – Wells Fargo & Company rating
– ETF Daily News – Barclays rating
– Additional sources are available in the original text provided.
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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