Tesla's Target Price Cut Again! Wall Street's Bearish Sentiment Intensifies!
Trending Articles- Gold Price Forecast: Can Gold Still Rise Above $4,300 Ahead of July Non-Farm Payrolls?
- Gold rallies to two-week high as USD softens on Iran deal hopes, receding Fed hike bets
- Australian Dollar remains calm following Trade Balance data
- WTI holds firm near $77.50 as escalating Middle East tensions threaten oil supply routes
- WTI trades with positive bias below mid-$79.00s on Iran uncertainty, supply concerns
- Today’s Market Recap: Dow and S&P 500 Hit Fresh Record Highs, Tech Stocks Lead Gains, Palantir Surges 29%, ARM Rises Over 17%
TradingKey - Tesla's stock continues to struggle, with multiple Wall Street institutions lowering their target prices.
On Monday, Tesla(TSLA)'s stock weakened, dropping over 5% intraday before narrowing the loss to 4.8%, closing at $238. Year-to-date, the stock has fallen 37%, significantly underperforming the S&P 500's 3% decline.
Tesla Stock Price Chart, Source: TradingView.
Tesla CEO Elon Musk's involvement in the Trump administration's Government Efficiency Department has sparked protests and boycotts against Tesla, heightening investor concerns about its future.
Additionally, the U.S. government's tariff war has also impacted Tesla. Last week, in a letter to the U.S. Trade Representative (USTR), the company warned that President Trump's trade war could make it a target for retaliatory tariffs and increase the cost of manufacturing cars in the U.S.
Mizuho analysts believe that demand for the automaker remains weak amid tariff uncertainties. They expect Tesla to deliver 1.8 million vehicles this year, down from the previous estimate of 2.3 million, and 2.3 million in 2026, down from the expected 2.9 million. As a result, Mizuho lowered Tesla's target price from $515 to $430.
Previously, analysts at Wells Fargo and JPMorgan had already cut Tesla's target price to $130 and $120, respectively, implying a potential downside of 43%-48% from current levels.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
