Shares of Tesla Inc. dropped after recent layoff news and rumors of a scrapped low-cost EV project.
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 is set to report first-quarter financial results on April 23, which comes after recent layoff news.
🔴 Tesla’s shares ended last week down over 6% after rumors of a scrapped low-cost EV project.
🟢 Tesla rebounded 1.86% to $167.96 in premarket trading on Monday after denying the rumors.
🔴 Tesla’s stock had its “underweight” rating reissued by Wells Fargo & Company, putting pressure on the price.
🟢 Tesla’s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada, boosting investor confidence.
🔴 Tesla’s price target was lowered by Deutsche Bank Aktiengesellschaft from $200.00 to $189.00, leading to a decrease in the stock price.
Recent news for Tesla, Inc. stock has been a mix of positive and negative developments, impacting the stock price in different ways. The upcoming first-quarter financial results have generated anticipation among investors, potentially leading to a positive impact on the stock price. However, rumors of a scrapped low-cost EV project caused a decline in Tesla’s shares, creating a negative effect on the stock price. Despite the setback, Tesla rebounded in premarket trading on Monday, showing resilience in the face of challenges. The reissuing of ratings by Wells Fargo & Company and Royal Bank of Canada further added to the volatility of the stock price. The reduction in price target by Deutsche Bank Aktiengesellschaft also contributed to the fluctuations in Tesla’s stock price. Overall, the recent news highlights the volatility of Tesla’s stock and the impact of both positive and negative developments on its price performance. Investors should closely monitor these factors to make informed decisions regarding their investment in Tesla, Inc.
TSLA-Tesla, Inc. Analyst Ratings
In recent news, analysts have been actively updating their ratings on Tesla, Inc. stock. Here is a brief list of some of the recent analyst ratings:
📉 Deutsche Bank Aktiengesellschaft downgraded Tesla from a buy rating to a hold rating.
📉 Barclays lowered their price target on Tesla from $225.00 to $180.00.
📉 Wells Fargo & Company reduced their price target on Tesla from $125.00 to $120.00.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
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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