Tesla’s stock price fell after a series of negative news, including rumors of a scrapped low-cost EV project and analyst downgrades.
Stock AI’s forecasts:
🔴 -11.4% short-term ⬇️
🔴 -4.0% 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
🔴 **UBS thinks many aspects of Tesla’s lower-cost car are still in flux, potentially impacting stock price negatively.**
🟢 **Tesla’s entry into the Indian market is seen as a positive, potentially boosting stock price.**
🔴 **Rumors of a scrapped low-cost EV project caused Tesla’s stock price to fall by over 6%.**
🔴 **Analysts expect Tesla to post earnings of $0.47 per share for the quarter, potentially impacting stock price.**
🟢 **Tesla rebounded in premarket trading after denial of rumors regarding the scrapped low-cost EV project.**
🔴 **Multiple research firms have lowered their price targets for Tesla, potentially leading to a decrease in stock price.**
The recent news surrounding Tesla, Inc. has been a mix of positive and negative developments that could impact the stock price in the short and long term. The uncertainty surrounding the lower-cost car project and the lowered price targets by research firms have created some negative sentiment among investors, leading to a decrease in the stock price. However, the potential entry into the Indian market and the denial of rumors regarding the scrapped EV project have provided some positive momentum for the stock.
Overall, the stock price of Tesla is likely to be influenced by these recent developments, with investors closely watching for any further updates on the company’s projects and financial performance. The upcoming earnings report will also be a key factor in determining the direction of the stock price in the near future. It is important for investors to carefully monitor these developments and consider the potential impact on their investment decisions.
TSLA-Tesla, Inc. Analyst Ratings
Here are some recent analyst ratings for Tesla, Inc. stock:
📈 Deutsche Bank Aktiengesellschaft upgraded their rating on Tesla stock from Buy to Hold.
📉 Barclays lowered their price target on Tesla stock from $225.00 to $180.00.
📉 The Goldman Sachs Group decreased their price target on Tesla stock from $190.00 to $175.00.
Sources:
1. ETF Daily News
2. ETF Daily News
3. ETF Daily News
4. ETF Daily News
5. 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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