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.
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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