TSLA | 29 April 2024 | AI Stock Analysis & News

Shares of Tesla fell after rumors of scrapped low-cost EV project, impacting stock price.

Stock AI’s forecasts:
🟢 -11.4% short-term ⬇️
🔴 -4.4% 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 scraps low-cost EV project, stock falls 3.63%**: Despite CEO Elon Musk denying rumors, stock takes a hit.

🟢 **Tesla rebounds 1.86% in premarket trading**: After rumors of scrapped project, Tesla sees a slight recovery.

🔴 **Deutsche Bank lowers price target on TSLA from $218 to $200**: Negative outlook from analyst leads to decrease in stock price.

🟢 **Jefferies raises price target on TSLA from $123 to $136**: Positive outlook from analyst leads to slight increase in stock price.

🔴 **HSBC reduces price target on TSLA from $195 to $180**: Bearish sentiment from analyst results in stock price decline.

🟢 **Tesla hikes EV prices in China while rivals cut**: Positive news for Tesla as it increases prices in a competitive market.

Recent news for Tesla, Inc. stock has been mixed, with some negative factors causing a decline in stock price while positive factors have led to a slight recovery. Rumors of a scrapped low-cost EV project initially caused the stock to fall 3.63%, but Tesla rebounded by 1.86% in premarket trading. Analyst actions such as Deutsche Bank lowering the price target on TSLA from $218 to $200 have contributed to the negative sentiment, while Jefferies raising the price target from $123 to $136 has provided a slight boost. Additionally, HSBC reducing the price target from $195 to $180 has further impacted the stock price negatively. On the other hand, Tesla’s decision to hike EV prices in China while rivals cut theirs has been seen as a positive move. Overall, the stock price of Tesla, Inc. is currently in flux due to a combination of both positive and negative news.

TSLA-Tesla, Inc. Analyst Ratings

📈 Barclays analysts lowered their price target on Tesla (NASDAQ:TSLA) stock from $225.00 to $180.00.

📉 Deutsche Bank Aktiengesellschaft downgraded Tesla (NASDAQ:TSLA) stock from a buy rating to a hold rating.

📉 Goldman Sachs Group decreased their target price on Tesla (NASDAQ:TSLA) stock from $190.00 to $175.00.

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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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